Will the digital yuan replace the US dollar in international trade?
China will soon be using the digital CNY in international trade. Here is an article that discusses the scope of this digital currency. I make the following comments to the points in this article. a) The article said that China needs to liberalize its financial system further for the CNY to be a reserve currency. Rebuttal - Many...
Amos Yee indicted for Child Porn
Not sure what are the latest updates on this case. Amos Yee has so far been indicted by a grand jury in the US, and has been arraigned (charged). If found guilty of child pornography offences, he could face jail time in the US, and then deported to Singapore. Here, he will probably be arrested for not reporting for National...
How laws are passed in the US and China
In the US, the laws have to be passed by the House of Representatives and the Senate. If the House and Senate are controlled by different political parties, it may be difficult to get any law passed as in recent years, the two political parties have been polarized. This is called gridlock. China has a different system. It has...
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