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On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.On February 14, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference, delivered a speech at the "China Session," and answered questions from the audience. Wang Yi emphasized that the erroneous remarks by Japanese leaders on the Taiwan issue exposed Japans undying ambition to invade and colonize Taiwan and the lingering specter of reviving militarism. Japan launched its invasion of China and attacked Pearl Harbor under the pretext of a so-called "crisis and existential crisis." The lessons of history are still fresh and must be heeded. If Japan does not repent, it will inevitably repeat the same mistakes. Good people should be vigilant. First and foremost, the Japanese people must be reminded not to be blinded and coerced by far-right forces and extremist ideologies again. All peace-loving countries should also warn Japan: if it chooses to go back to its old ways, it will only lead to its own destruction.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We and our partners will use all policy tools at our disposal to continue to hold Russia accountable.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We further express our concern that Russia has not destroyed all of its chemical weapons.The United Kingdom, Sweden, France, Germany, and the Netherlands issued a joint statement regarding the death of Alexei Navalny.

Canadian Dollar to Stay at Core of Financial System, Not Crypto -BoC

Skylar Shaw

Apr 26, 2022 09:48


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The central bank president indicated on Monday that the Canadian dollar would remain at the heart of the country's financial system, in response to queries about a Conservative leadership candidate's ambition to make Canada the world's blockchain capital.


"Innovation in the financial industry has the potential to provide significant advantages. In evidence before a House of Commons committee, Bank of Canada Governor Tiff Macklem remarked, "We absolutely anticipate the Canadian dollar to continue at the hub of the Canadian financial system."


The Bank of Canada is presently developing its own digital currency, dubbed the "digital loonie," which might be introduced if private digital tenders gain traction as a payment method.


Pierre Poilievre, a strong contender for the Conservative Party's leadership, has said that if elected, he would support a "new, decentralized, bottom-up economy that allows people to reclaim control of their money from bankers and politicians."


He's made movies showing himself eating lunch with Bitcoin to demonstrate its utility, and he often promotes cryptocurrencies as a way for Canadians to "opt-out of inflation."


Poilievre is leading in all surveys ahead of the Conservative Party's leadership election in September. Poilievre was preferred by 25% of Conservatives surveyed by the Angus Reid Institute last month, compared to 20% for Jean Charest, his closest rival.


Bitcoin, according to the Bank of Canada, is a speculative investment that "does not have a legitimate claim to become the money of the future."


Senior Deputy Governor Carolyn Rogers told MPs on Monday that the central bank's digital currency has progressed to the development stage, albeit the government must decide whether to proceed.


"We see our duty as being ready, having done the work ahead of time, so that if we determine that a central bank digital currency would be beneficial to Canadians, we're ready to offer it," she added.


Poilievre has made taming rising inflation one of his main campaign topics, criticizing both Prime Minister Justin Trudeau's administration and the central bank for allowing it to spiral out of control.


Inflation in Canada reached a 31-year high of 6.7 percent in March, as nations throughout the globe grapple with soaring demand and bottlenecks in global supply systems. Russia's invasion of Ukraine has impacted commodities prices, driving them further higher.


Bitcoin, on the other hand, reached a peak of almost $68,000 in late 2021 before nearly halving in January. It's currently worth about $40,000.

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