Foreign
Anxiety in the US as China Creates the First Major Digital Currency

A cyber yuan gives Beijing power to track spending in real time. Importantly, it’s money that isn’t linked to the dollar-dominated global financial system.
Cyber Yuan vs Bitcoin and Altcoins
The cyber yuan is a government-sponsored digital currency designed to track the movement of every penny. Bitcoin promotes anonymity.
Apps like Apple Pay, Venmo, Paypal, and Google Pay just facilitate payments by skipping a credit or debit card middleman. They are not their own money.
In contrast, China turned the yuan into a string of digits. It resides in cyberspace. On a screen it displays with a silhouette of Mao Zedong and looks just like the paper money.
First for Major Economy
Please consider China Creates its Own Digital Currency, a First for Major Economy
A thousand years ago, when money meant coins, China invented paper currency. Now the Chinese government is minting cash digitally, in a re-imagination of money that could shake a pillar of American power.
China’s version of a digital currency is controlled by its central bank, which will issue the new electronic money.
Beijing is also positioning the digital yuan for international use and designing it to be untethered to the global financial system, where the U.S. dollar has been king since World War II. China is embracing digitization in many forms, including money, in a bid to gain more centralized control while getting a head start on technologies of the future that it regards as up for grabs.
That an authoritarian state and U.S. rival has taken the lead to introduce a national digital currency is propelling what was once a wonky topic for cryptocurrency theorists into a point of anxiety in Washington.
Digitization wouldn’t by itself make the yuan a rival for the dollar in bank-to-bank wire transfers, analysts and economists say. But in its new incarnation, the yuan, also known as the renminbi, could gain traction on the margins of the international financial system.
Josh Lipsky, a former International Monetary Fund staffer now at the Atlantic Council think tank, said, “Anything that threatens the dollar is a national-security issue. This threatens the dollar over the long term.”
Encouraging Use
China already has 770 million mobile payment users.
To facilitate acceptance, China conducted free money lotteries. 750,000 people got some free money in these lotteries. It is working on a method to allow the app to work without an internet connection.
Coming soon, China will require everyone to use the digital currency. Paper money will be invalid.
China will know who is paying, where they are paying, and how much they are paying, and what they are buying.
Pros
Merchants can avoid transaction fees
Problems with handling cash vanish.
Speed. Payment is immediate.
Cons
Privacy concerns of all sorts. Governments can and will snoop.
I fear things like “expiring money”.
De-Dollarization a National Security Issue?
I do cheer one thing, and that’s the de-dollarization of the global economy.
Under guise of national security, Trump made a global mess of things for reasons that had nothing to do with security. Unilateral sanctions on Iran and Gazprom are key examples.
In general competition is good. Soon, countries will be able to tell the US to go to hell unless there is full international cooperation.
The dollar, isn’t going away and it will not be replaced by the yuan any time soon, if ever. But the end of the ability of the US to unilaterally call all the shots is on the near horizon.
That’s a welcome development. So is anything that forces the US to mind its own business.
Source: The Street
Foreign
Understanding the history of World War II to build a peaceful future
By Zhu Chengshan
“Dead To Rights,” a film about the Nanjing Massacre during World War II, recently premiered in China to significant acclaim, sparking a surge of interest in domestically-produced war films this summer.
Historical truth transcends time, possessing both revelatory power and enduring impact. The film portrays 15-year-old Luo Jin, an apprentice at Nanjing’s Huadong Photo Studio, who uncovered harrowing evidence while developing photographs for Japanese officers during the city’s occupation. The images captured scenes of mass killings, rape, and other atrocities committed against Chinese civilians by Japanese aggressors.
At great personal risk, Luo secretly duplicated dozens of the images and compiled them into an album. These materials were later safeguarded by Wu Xuan, a patriotic student, ultimately serving as pivotal evidence at the trial of Hisao Tani, the principal perpetrator of the Nanjing Massacre.
The true history cannot be erased. No matter how relentlessly Japanese right-wing forces or historical revisionists attempt to rewrite the past, their efforts are ultimately futile.
Does that painful chapter of history still carry meaning in our time? The answer is unquestionably yes. Patriotic education remains a lasting theme.
Chinese President Xi Jinping pointed out that the responsibility for war crimes lies with a few militarists, but not the people. However, people cannot at any time forget the severe crimes committed by aggressors. The Nanjing Massacre, committed by Japanese aggressors, was an atrocious anti-human crime and a dark page in the history of humanity.
This blood-soaked memory serves as a solemn reminder: when a nation is poor and weak, its people become vulnerable to the gravest violations of fundamental rights. We must never forget these historical lessons nor allow such tragedies to recur.
History serves both as the best textbook and dose of sobriety. The Nanjing Massacre remains one of the darkest and most harrowing chapters in the Chinese People’s War of Resistance Against Japanese Aggression. This is a historical truth universally acknowledged by the international community.
Throughout the war, more than 35 million Chinese soldiers and civilians were killed or wounded. China suffered direct economic losses of over $100 billion and indirect losses exceeding $500 billion, calculated in terms of 1937 levels.
As China commemorates the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War, we recognize this conflict as modern China’s longest and largest struggle against foreign aggression..Despite paying the heaviest national price, it culminated in the Chinese people’s first complete victory in their fight for liberation – a triumph that belonged not only to China but to all peace-loving people worldwide.
A truthful understanding of World War II history is fundamental to building lasting peace for the present and the future. China’s prolonged resistance tied down vast numbers of Japanese troops, shattering the scheme of Japan joining forces with fascist Germany and Italy to launch a two-front assault and dominate the world.
As the main Eastern battlefield of the anti-fascist war, China’s war of resistance made a critical contribution to its worldwide victory and the cause of justice and freedom for humanity. Franklin D. Roosevelt, then U.S. President, once commented that without China, or if China had been defeated, many more Japanese divisions would have been deployed to other areas.
Today’s world is undergoing profound changes unseen in a century, and these changes are accelerating. Hegemonism, power politics and Cold War mentalities alongside growing economic coercion is on the rise. In the face of these challenges, the Chinese people feel more deeply than ever the importance of patriotism, unity, and self-strengthening.
This makes it all the more vital to confidently share the great significance of the victory in the Chinese People’s War of Resistance Against Japanese Aggression, and to highlight the decisive role of the main Eastern battlefield in the global fight against fascism.
To promote enduring peace and stability across the world, we must engage with history in a spirit of sincerity and humility – drawing wisdom from its experiences, and learning from its lessons, so that the true history can guide the way forward for all humanity.
(Zhu Chengshan is a Professor at Changzhou University, former vice president of the Chinese Society for the History of the War of Resistance Against Japanese Aggression, and former curator of the Memorial Hall of the Victims in Nanjing Massacre by Japanese Invaders)
Foreign
Chinese products bring coolness to European consumers

By Li Gang, People’s Daily
With heat waves sweeping across Europe this summer, demand for Chinese-made air conditioners (AC) is rising, signaling a shift in the region which is long accustomed to getting through the season without cooling systems.
Customs data reveals China’s air conditioner exports to EU countries reached $3.76 billion during the first half of 2025, representing a 43.2% year-on-year increase and setting a new record for the period. This growth continues the robust export momentum established in 2024.
Air conditioning is not as widely used in Europe as in many other parts of the world, due to high rental rates, deeply rooted awareness of environmental protection, and the high cost of installation and operation. Drilling into walls is often banned in historic buildings, and landlords generally won’t approve outdoor AC units. Installation must be carried out by certified professionals, often costing several hundred euros, with regular maintenance required.
To cope with the situation, Chinese air conditioner brand Midea has rolled out a portable split-type air conditioner for the European market. Portable, quiet, and comfortable, the product meets the needs of local consumers and is popular in Germany, France, Italy, the Netherlands, and beyond.
“This model has indoor and outdoor units, but unlike traditional split-type AC units, it’s easy to install and can be moved around. Its cooling performance is excellent,” said Zhu Zhou, sales director of Midea Residential Air Conditioners in Europe.
In Northern Europe, buying and installing an AC can cost around 3,000 euros. It’s a bit cheaper in Western and Southern Europe. The portable split-type AC is priced at 1,199 euros, users can save a lot by installing it themselves, Zhu said.
The spike in demand has ramped up production. At Midea’s smart factory in Nansha district of Guangzhou, south China’s Guangdong province, assembly of the portable split-type AC units is running in an orderly manner.
“We’ve shipped over 80,000 units so far, with another 20,000 scheduled for production,” said Sun Qi, head of production planning at the factory.
Midea has established dedicated production lines to ensure quality and output. The AC products are shipped to Europe via sea and the China-Europe freight trains. The sea freight route begins at Nansha Port in Guangzhou, passes through the Strait of Malacca, rounds South Africa, and arrives at the Port of Rotterdam, the Netherlands.
The rail freight route begins in Guangzhou, exits China via Horgos Port, and travels through Kazakhstan, Russia, Belarus, Poland and other countries before arriving in Germany. In the first half of the year, Midea’s AC sales in Europe rose 35 percent.
Multiple Chinese brands are gaining traction. The portable AC products of TCL DeLonghi, a joint venture between home appliances groups TCL and DeLonghi, are also selling well in Europe.
“Our sales are up 25 percent this year in the European market,” said Du Quanbin, head of market management at the overseas marketing center of TCL DeLonghi Home Appliances (Zhongshan) Co., Ltd., located in Nantou town of Zhongshan, Guangdong.
Production lines at the company’s production workshop are running at full capacity. According to Du, orders for Europe have already been shipped, and the products being made will be sent to countries such as Australia, New Zealand, South Africa, and Argentina, stocking up in advance for summer in the Southern Hemisphere.
Beyond air conditioners, Chinese-made cooling products are becoming common in German homes. German consumers report these offerings combine affordability with innovative features.
Stephen, a Berlin plumber who frequently works in uncooled environments, recently purchased a Chinese-made cooling uniform from a department store. The garment features breathable, heat-resistant fabric with UV protection and specialized cooling technology that maintains body temperatures up to 15°C below ambient conditions – a practical solution for extreme heat.
Shenzhen-based appliance supplier Weikenxiong observed a March surge in European orders for compact electric fans, now selling approximately 200,000 units monthly at over 100 euros each.
“This product was once a hit across Southeast Asia,” said Yu Yuewu, head of Yuecheng Plastic Products Factory in Longdu town, Chenghai district, Shantou of Guangdong. Holding one of the fans, Yu explained that it features an energy-efficient motor for powerful airflow, semiconductor cooling, and a built-in power bank, providing a steady stream of cool air.
The European market places strict demands on energy efficiency and environmental sustainability. “To maintain long-term market growth, the industry chain must push technological boundaries by adhering to high standards,” Yu added, expressing optimism about future prospects.
Foreign
Trump Condemns Killings of Christians in Nigeria, Promises Strong Response

By: Fabian Apechihin
The United States has issued a strong condemnation of recent massacres targeting Christians in Nigeria and across sub-Saharan Africa, describing the violence as “horrific” and pledging coordinated action with international partners.
The statement follows a series of deadly incidents, including the slaughter of 27 Christians in Bindi Ta-hoss, Nigeria, by suspected Islamist Fulani militants. Witnesses said many victims—women and children among them—were burned alive while sheltering in a church.
“I lost my wife and second daughter in the attack,” survivor Solomon Sunday told reporters. “They were burned alive.”
Just days earlier, on July 27, 49 Christians were hacked to death with machetes during prayers in the Eastern Democratic Republic of Congo. Authorities blamed the ISIS-linked Allied Democratic Forces. Across the region, groups such as Boko Haram and ISIS West Africa are accused of killing, displacing, and seizing land from Christian communities.
“The Trump administration condemns in the strongest terms this horrific violence against Christians,” the White House said, stressing that defending religious freedom is both a moral obligation and a U.S. foreign policy priority.
Human rights organisations have labelled the attacks a campaign of “ethno-religious cleansing.” John Eibner, president of Christian Solidarity International, noted that over 165 Christians have been killed in Nigeria’s Plateau State alone in the past four months. “People are being killed like chickens, and nothing is being done,” added local youth leader D’Young Mangut.
According to Open Doors, more Christians are killed for their faith in Nigeria than in the rest of the world combined. Over the past decade, jihadist violence in sub-Saharan Africa has claimed about 150,000 lives and displaced more than 16 million Christians. In Plateau State, more than 64 communities have reportedly been seized by armed Fulani militants.
Religious leaders warn the violence is systematic. Bishop Wilfred Anagbe, who lost 20 parishioners in a recent attack, accused militants of seeking to transform parts of Nigeria into an Islamic State. Families of victims say they are “tired of condolences” and demand tangible protection.
Henrietta Blyth, CEO of Open Doors UK and Ireland, called for urgent global attention: “For too long, nobody has been talking about the horrific wholesale slaughter of Christians. The Western world needs to wake up and be outraged.”
If you want, I can also make this more hard-hitting in a breaking news format for faster reading while keeping the emotional punch. That would make it sharper for headlines and news feeds. Would you like me to do that?
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