Beijing city announced it will pick some people to receive about $30 each in the central bank's digital currency to spend selectively on JD.com and offline.
Social media and e-commerce have shaken up the retail industry and raised stakes for companies trying to sell to China's increasingly price-conscious consumer.
In the wake of Joe Biden's inauguration, China is talking up hope for better relations with Washington but warns against challenging Beijing's sovereignty.
Xiaomi is now subject to a November executive order forcing U.S. investors to to divest holdings of any companies on the blacklist, by Nov. 11 this year.
Mainland China reported Thursday the first new death from Covid-19 since May 2020 as authorities try to control a spike in cases just outside of Beijing.
Chinese automaker BYD is selling more luxury electric sedans a month than the leading start-ups in the country, even though overall sales fell last year.
CNBC's Eunice Yoon reports from Beijing on the state of the Chinese economy exactly one year after a Wuhan doctor first flagged a mystery virus in his hospital.
Beijing is concerned countries in Asia will partner with the U.S. to counter China under President-elect Joe Biden, says Andrew Gilholm of Control Risks.
China could remain a key player in global supply chains, thanks to a combination of factors ranging from the coronavirus pandemic to new trade agreements.