China Tightens Economic Grip Amid Escalating Tensions with US

China has taken significant steps to strengthen its economic and technological policy while asserting control over its crypto market.

The Chinese central bank and seven other regulatory authorities have finalized new rules governing the online marketing of financial products, including crypto content. These measures target unauthorized foreign exchange operations and limit online promotion through social platforms, affiliate marketing, and influencer content.

Beijing also plans to subject investments in local technology companies, especially those involved in AI and advanced technologies, to prior government approval. This move aims to prevent American investors from taking stakes in sectors considered related to national security.

Meanwhile, tensions between China and the United States continue to intensify, particularly in the energy sector. Washington has announced sanctions against Hengli Petrochemical Dalian, a Chinese refinery accused of purchasing Iranian oil, adding pressure on independent Chinese refiners.