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On May 30th, the Guangdong Provincial Peoples Government announced on its official website that the "Hong Kong vehicles traveling north" policy will be extended for another five years, until June 1, 2031. It is understood that in May 2023, the "Administrative Measures of Guangdong Province on the Entry and Exit of Hong Kong Motor Vehicles via the Zhuhai Port of the Hong Kong-Zhuhai-Macau Bridge" were published, effective from June 1, 2023, for a period of three years. From 00:00 on July 1, 2023, eligible Hong Kong motor vehicle owners, after obtaining approval from the Hong Kong side through an appointment for border crossing, can drive into Guangdong via the Zhuhai Port of the Hong Kong-Zhuhai-Macau Bridge. Data shows that since the implementation of the "Macau vehicles traveling north" and "Hong Kong vehicles traveling north" policies, the number of Hong Kong and Macau passengers entering and exiting through the port has increased by an average of 34% annually, reaching nearly 18 million in 2025. Border inspection authorities predict that the number of Hong Kong and Macau passengers entering and exiting through the port is expected to exceed 20 million in 2026.May 30th - According to an AFP report on May 29th, Iranian state media reported on the 29th that Iranian authorities are preparing a "grand" funeral for the countrys assassinated former Supreme Leader Ali Khamenei. The funeral had been long postponed due to Irans war with the United States and Israel. Although the specific date is still uncertain, Iranian state television quoted Mohsen Mahmoudi, head of the Islamic Propaganda Coordination Committee, as saying, "A special headquarters has been established to prepare for the funeral, and various departments are currently making preparations and arrangements." Ali Khamenei, who led Iran for more than 30 years, was killed in the first wave of US-Israeli attacks that began on February 28th. His son and successor, Mojtaba Khamenei, was also injured in the attacks and has not made a public appearance since taking office.May 30th - According to recent reports from Japan, the Cabinet Office has released the latest statistics showing that the Ministry of Defenses machinery manufacturing orders for fiscal year 2025 will reach nearly 2.69 trillion yen, roughly tripling in the past five years. This accounts for nearly half of the governments public service orders totaling approximately 5.53 trillion yen for fiscal year 2025. It is understood that increased orders for equipment such as surface-to-air missiles and aircraft have driven up the total value of the Ministry of Defenses machinery manufacturing orders for fiscal year 2025.On May 30th, it was reported that on May 29th, Zhang Zhigang, Chairman and Party Secretary of the State Grid Corporation of China, and Zhang Wenfeng, General Manager and Deputy Party Secretary, held talks with Qian Chaoyang, Chairman and Party Secretary of China Southern Power Grid Co., Ltd., at the companys headquarters. Both sides stated that State Grid and China Southern Power Grid share common responsibilities in ensuring energy security, promoting energy transformation, building a strong energy nation, and serving the overall economic and social development. They agreed to focus on the 15th Five-Year Plan and further strengthen communication and deepen cooperation in areas such as technological innovation, policy recommendations, mechanism building, the electricity market, and industrial innovation to better promote high-quality development of the energy and power sector.May 30th - Data released today by the National Energy Administration shows that in April, my country issued 237 million green electricity certificates, of which 74.85% were tradable. In April, 71.1 million green certificates were traded nationwide, including 29.72 million green certificates traded for green electricity.

The Front-Runner for The Conservative Party of Canada Would Outlaw a Central Bank Digital Money

Cory Russell

Apr 29, 2022 09:39

Pierre Poilievre, who is running on a promise to make Canada the world's blockchain capital, also said he will guarantee that the central bank's balance sheet is regularly audited, including an examination of the COVID pandemic bond-buying program.


"A Poilievre government would outlaw a central bank digital currency and give Canadians the economic and financial freedom they deserve," he told reporters gathered outside Canada's central bank in Ottawa.


Poilievre, a Conservative member of parliament since 2004, is polling at the top of all surveys ahead of a vote in September to elect a new leader for Canada's largest opposition party. Because Prime Minister Justin Trudeau's Liberals have a political support pact with the New Democrats, a tiny left-leaning party, if he is elected, he will most likely have to wait until 2025 for the next federal election.


When Erin O'Toole was dismissed as Conservative leader in early February after failing to defeat Trudeau in last year's election, the leadership competition was sparked.


Poilievre has blamed Canada's high inflation rate on the central bank's rampant purchases of government bonds in his campaigning, and has said that cryptocurrencies such as Bitcoin are a viable method to "opt-out of inflation."


Officials from the central bank shot down the assertions this week.


"We don't view cryptocurrencies as a vehicle for Canadians to opt out of inflation or as a reliable source of value," said Carolyn Rogers, senior deputy governor of the Bank of Canada, addressed MPs on Monday.


Governor Tiff Macklem also said that the Canadian dollar would continue to be at the heart of the country's financial system.


On Thursday, the Bank of Canada had no quick comment.


For some years, the central bank has been developing a digital currency (CBDC). The CBDC is presently under development, but the federal government will make the ultimate decision on its introduction.


In March, Canada's inflation rate reached a 31-year high of 6.7 percent. In the face of tremendous demand and supply chain restrictions, countries all over the globe are battling with out-of-control pricing. The invasion of Ukraine by Russia has driven up commodity prices, exacerbating the situation.

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