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New Zealand and Thailand launch strategic partnership.On August 21, data from the National Energy Administration showed that in July, total electricity consumption reached 1.04 trillion kilowatt-hours, a year-on-year increase of 1.7%. By sector, primary industry electricity consumption was 16.7 billion kilowatt-hours, a year-on-year decrease of 2.0%. Secondary industry electricity consumption was 611.6 billion kilowatt-hours, a year-on-year increase of 3.0%; among which, industrial electricity consumption was 605.5 billion kilowatt-hours, a year-on-year increase of 3.3%, and high-tech and equipment manufacturing electricity consumption was 122 billion kilowatt-hours, a year-on-year increase of 8.9%. Tertiary industry electricity consumption was 218.3 billion kilowatt-hours, a year-on-year increase of 4.8%; among which, charging and swapping services and internet data services consumed 16.4 billion and 9.9 billion kilowatt-hours respectively, with growth rates reaching 50.3% and 40.1% respectively. Residential electricity consumption was 193.5 billion kilowatt-hours, a year-on-year decrease of 5.1%.On August 21, the National Energy Administration released data on total electricity consumption for July. From January to July, total electricity consumption reached 6,139.9 billion kilowatt-hours, a year-on-year increase of 4.7%. By sector, primary industry electricity consumption was 87.7 billion kilowatt-hours, a year-on-year increase of 3.5%. Secondary industry electricity consumption was 3,917.3 billion kilowatt-hours, a year-on-year increase of 4.7%; among which, industrial electricity consumption was 3,881.5 billion kilowatt-hours, a year-on-year increase of 4.9%, and high-tech and equipment manufacturing electricity consumption was 722.8 billion kilowatt-hours, a year-on-year increase of 9.7%. Tertiary industry electricity consumption was 1,210 billion kilowatt-hours, a year-on-year increase of 7.4%; among which, charging and swapping services and internet data services consumed 97.4 billion and 59.3 billion kilowatt-hours respectively, with growth rates of 55.8% and 43.3%. Residential electricity consumption was 924.9 billion kilowatt-hours, a year-on-year increase of 1.3%.On August 21, the National Bureau of Statistics released an announcement regarding early rice production data for 2026. Based on the results of the early rice sampling survey, the estimated national early rice planting area, yield per unit area, and total output for 2026 are as follows: The national early rice planting area is 4,744,300 hectares (71.164 million mu), an increase of 1,400 hectares (22,000 mu) compared to 2025, showing a slight increase. The national early rice yield per unit area is 5,963.4 kg/hectare (397.6 kg/mu), a decrease of 48.5 kg/hectare (3.2 kg/mu) compared to 2025, a decrease of 0.8%. The national total early rice output is 28.292 million tons (56.58 billion jin), a decrease of 222,000 tons (440 million jin) compared to 2025, a decrease of 0.8%.On August 21, the Peoples Bank of China (PBOC) announced that on August 25 (Tuesday), it will issue the seventh and eighth tranches of central bank bills for 2026 through the Hong Kong Monetary Authoritys Central Moneymarkets Unit (CMU) bond bidding platform. The seventh tranche of central bank bills has a maturity of 3 months (91 days), is a fixed-rate interest-bearing bond, and will be repaid with principal and interest at maturity, with an issuance amount of RMB 15 billion. The eighth tranche of central bank bills has a maturity of 1 year, is a fixed-rate interest-bearing bond, and will pay interest semi-annually, with an issuance amount of RMB 15 billion.

Tumbling bitcoin overshadows El Salvador’s crypto conference

Skylar Shaw

Nov 18, 2022 16:27

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The eagerly anticipated bitcoin conference in El Salvador, which was in the spotlight in 2021 after the small country became the first in the world to accept cryptocurrencies as legal tender, has lost its shine this time around due to a severe downturn in the world of digital currencies.


At the "Adopting Bitcoin: A Lightning Summit in El Salvador," which started on Tuesday and finishes on Thursday in the nation's capital of San Salvador, it was clear that prominent figures from the bitcoin community were missing, as were the vacant chairs.


Juan Fonseca, a 41-year-old Guatemalan who attended the conference, stated that the low pricing and other concerns create an uneasy environment.


Like other cryptocurrencies, bitcoin experienced a steep decline over the course of the year as investors fled riskier investments in response to U.S. Federal Reserve interest rate hikes and extremely high inflation.


Following the remarkable collapse of cryptocurrency exchange FTX, which is now trading around $16,600 from an all-time high of around $69,000 in November last year, Bitcoin, the biggest and best-known cryptocurrency in the world, has fallen even more.


Some enthusiasts consider the issues of today to be merely a passing phase.


Bitcoin exchange According to Paolo Ardoino, chief technical officer of the company, "Bitfinex will step up efforts to create a free, unstoppable, resilient, and open bitcoin and technological infrastructure for El Salvador."


The parent company of Bitfinex, Ifinex, has committed to assist with El Salvador's government to develop a framework for regulating digital assets and securities.


"El Salvador will emerge as Central America's financial and technological hub. After talking with El Salvador's president, Nayib Bukele, Ardoino stated that the noise wouldn't keep the builders from working.


The cryptocurrency will be accepted as legal tender alongside the dollar, according to Bukele, who announced on Twitter on Wednesday night that "we are buying one Bitcoin every day starting tomorrow."


According to unofficial calculations, his administration has so far purchased 2,381 bitcoins for a total of around $107 million.