Chinaβs stock markets are some of the largest in the world, with total market capitalization reaching RMB 79 trillion (US$12.2 trillion) in 2020. Chinaβs stock markets are seen as a crucial tool for driving economic growth, in particular for financing the countryβs rapidly growing high-tech sectors.Although traditionally closed off to overseas investors, Chinaβs financial markets have gradually been loosening restrictions over the past couple of decades. At the same time, reforms have sought to make it easier for Chinese companies to list on onshore stock exchanges, and new programs have been launched in attempts to lure some of Chinaβs most coveted overseas-listed companies back to the country.
How to Use Bitcoin?
n the U.S. people generally use Bitcoin as an alternative investment, helping diversify a portfolio apart from stocks and bonds. You can also use Bitcoin to make purchases, but the number of vendors that accept the cryptocurrency is still limited. Big companies that accept Bitcoin include Overstock, AT&T and Twitch. You may also find that some small local retailers or certain websites take Bitcoin, but youβll have to do some digging. That said, PayPal has announced that it will enable cryptocurrency as a funding source for purchases this year, financing purchases by automatically converting crypto holdings to fiat currency for users. βThey have 346 million users and theyβre connected to 26 million merchants,β says Spencer Montgomery, founder of Uinta Crypto Consulting. βItβs huge.β
