"Major economies will not allow their currencies to become structurally disadvantaged in an increasingly internet-native financial system."
If you believe this, then tokenized EUR is likely to grow alongside the digitization of global finance.
Thriving county-level economies showcase the resilience of China's economy
As Europe grapples with an intense heatwave, wholesale markets in Yiwu, east China's Zhejiang province, are entering another peak sales season, according to a recent article published on the website of Spanish newspaper El Mundo.
The article noted that a wide range of products made in Yiwu are helping Europeans cope with soaring temperatures. Over the past decades, the city has developed a remarkable ability to turn virtually any consumer trend into a business opportunity, leading many economists to regard it as a barometer of global trade.
Yiwu offers a vivid illustration of county-level development in China. As the basic building blocks of the Chinese economy, counties serve not only as key links in integrated urban-rural development, but also as valuable windows through which to observe the vitality and potential of China's economy.
In recent years, localities across the country have cultivated distinctive county-level economies based on their comparative advantages, while actively integrating into global industrial and supply chains. Their dynamism continues to grow.
Through these examples, the international community not only sees the steady upgrading of China's manufacturing sector but also gains a deeper understanding of the resilience that has enabled the Chinese economy to maintain steady progress amid a challenging external environment.
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