Bank Negara Malaysia (BNM) has introduced three new trial programs through its Digital Asset Innovation Hub.
Billy Ackman just bought $2 billion worth of Meta shares. His fund, Pershing Square, made it official this week. That one bet now makes up 10% of the entire fund. “We believe Meta’s current share price underappreciates the company’s long-term upside potential from AI and represents a deeply discounted valuation for one of the world’s greatest businesses,” Pershing Square wrote in its annual investor letter. Meta stock fell 0.8% on Wednesday, but Billy clearly doesn’t care. He’s calling the whole thing a massive opportunity. Over the past year, Meta shares have dropped 16%. That’s mostly because investors are stressed about Meta spending billions on artificial intelligence. In its last earnings report, Meta said it plans to spend between $115 billion and $135 billion on AI-related projects in 2026. That’s a huge jump, and it made people nervous. But not Billy. SOurce Pershing Square lays out Meta thesis in full detail “We believe concerns around META’s AI-related spending initiatives are underestimating the company’s long-term upside potential from AI,” the firm wrote. Billy’s team sees all that AI spending as a smart play, not a problem. Meta is currently trading at $677 per share, with a total market value of $1.7 trillion. It runs two parts: the Core Family of Apps and Reality Labs. The first group includes Facebook, Instagram, and WhatsApp, and that’s where most of the money comes from. The second group is all the wearables and virtual reality stuff, which is still losing money. Right now, Reality Labs accounts for about 25% of the total losses in the business. Despite that, Meta’s overall numbers are strong. It pulled in $200 billion in revenue in 2025, which was up 22% from the year before. The daily user base sits at 3.5 billion people and grew by 7% in the last quarter. That’s massive. Even more important, it shows the company still knows how to keep people hooked. Billy and his team say Meta’s ad model has real power. With more people using the apps every day, ad placements keep going up in value. Advertisers can target users based on behavior and interests. That’s what makes Meta so profitable. And now, with AI, they believe things can get even better. The investor letter listed several ways AI will help Meta. Content recommendations will get smarter. Ads will become more personalized. Advertisers will be able to use AI tools to create their own campaigns. Even digital assistants could be added for business users. Pershing Square believes all this opens the door to even more use cases. Billy’s team also pointed out that Meta has already been cutting costs. In 2023, they called it the “Year of Efficiency.” And just recently, the company reduced spending on Reality Labs. That’s where all the losses have been. They believe the company is showing discipline, even while spending big on AI. They also think the core business is strong enough to handle extra spending. If there’s any overbuilding, they believe Meta can grow into it. They say the company has the financial flexibility and enough users to absorb that kind of investment. Meta is trading at 22 times forward earnings. But when you take out the Reality Labs losses, that number drops. Billy and his fund believe the rest of the market is missing this. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
BitcoinWorld OpenAI Alignment Team Disbanded: Critical Shift in AI Safety Strategy Sparks Industry Debate In a significant organizational move that has rippled through the artificial intelligence community, OpenAI has disbanded its dedicated mission alignment team, raising immediate questions about the future of safe and trustworthy AI development. The decision, confirmed to Bitcoin World on Wednesday, represents a notable shift for a company that has consistently emphasized the importance of aligning advanced AI systems with human values. This development comes at a pivotal moment when global regulatory frameworks for AI governance are taking shape and public trust in AI systems remains fragile. OpenAI Alignment Team Disbanded: What Happened and Why OpenAI has confirmed the dissolution of its internal mission alignment unit, a team specifically formed in September 2024 to ensure AI systems remain “safe, trustworthy, and consistently aligned with human values.” According to company statements, this represents routine reorganization within a fast-moving technology company. The team’s former leader, Josh Achiam, has transitioned to a new role as OpenAI’s “chief futurist,” while the remaining six or seven team members have been reassigned to other departments. An OpenAI spokesperson emphasized that these individuals continue similar alignment-focused work in their new positions, though specific assignments remain undisclosed. This restructuring follows a pattern within OpenAI’s safety organization. Previously, the company maintained a “superalignment team” formed in 2023 to study long-term existential threats from advanced AI. That team was disbanded in 2024, just one year before the current alignment team’s dissolution. These consecutive organizational changes suggest an evolving approach to AI safety governance within one of the industry’s most influential companies. The Critical Role of AI Alignment in Modern Development AI alignment represents a fundamental technical and ethical challenge in artificial intelligence development. The field specifically addresses how to ensure AI systems robustly follow human intent across diverse scenarios, including adversarial conditions and high-stakes environments. Alignment research focuses on preventing catastrophic behaviors while maintaining controllability, auditability, and value consistency as systems grow more capable. OpenAI’s own alignment research blog previously declared: “We want these systems to consistently follow human intent in complex, real-world scenarios and adversarial conditions, avoid catastrophic behavior, and remain controllable, auditable, and aligned with human values.” Industry Context and Competing Approaches The timing of OpenAI’s decision coincides with increased regulatory scrutiny and public concern about AI safety. The European Union’s AI Act, implemented in 2024, established stringent requirements for high-risk AI systems. Meanwhile, the United States has developed voluntary AI safety standards through NIST. Across the industry, approaches to alignment vary significantly: Anthropic maintains a dedicated constitutional AI team focused on value alignment Google DeepMind operates separate technical safety and ethics review boards Meta employs distributed responsibility models across research teams Microsoft utilizes external advisory councils alongside internal review This organizational diversity reflects different philosophies about integrating safety considerations into development processes. Some experts argue centralized teams provide focused expertise, while others believe distributed responsibility creates broader accountability. Josh Achiam’s Transition to Chief Futurist Role Josh Achiam, previously head of OpenAI’s Mission Alignment team, now serves as the company’s chief futurist. In a blog post explaining his new position, Achiam wrote: “My goal is to support OpenAI’s mission — to ensure that artificial general intelligence benefits all of humanity — by studying how the world will change in response to AI, AGI, and beyond.” He will collaborate with Jason Pruet, a physicist from OpenAI’s technical staff, on forward-looking research. Achiam’s personal website still describes him as interested in ensuring the “long-term future of humanity is good,” and his LinkedIn profile shows he led Mission Alignment since September 2024. The chief futurist role represents a strategic repositioning rather than a departure from safety concerns. However, industry observers note the shift from operational alignment work to future studies may indicate changing priorities. Achiam’s new focus suggests OpenAI may be emphasizing anticipatory governance rather than immediate technical safeguards. Implications for AI Safety and Industry Standards The disbanding of OpenAI’s dedicated alignment team carries several potential implications for AI safety practices industry-wide. First, it may signal a move toward integrated safety approaches where alignment considerations become part of every developer’s responsibility rather than a separate function. Second, it could reflect confidence in existing safety measures or a belief that alignment challenges require different organizational structures. Third, it might indicate resource reallocation toward capabilities development amid intensifying competition. Recent developments provide important context for this decision. In 2024, OpenAI launched new agentic coding models shortly after Anthropic released competing systems. The company has faced criticism regarding transparency and safety practices, including backlash over retiring certain model versions. These factors create a complex landscape where business pressures, technical challenges, and ethical considerations intersect. AI Safety Organizational Approaches Comparison Company Safety Structure Formation Year Current Status OpenAI Mission Alignment Team 2024 Disbanded 2025 OpenAI Superalignment Team 2023 Disbanded 2024 Anthropic Constitutional AI Team 2021 Active Google DeepMind Safety & Ethics Board 2022 Active Expert Perspectives on Organizational Safety Models AI safety researchers express varied opinions about optimal organizational structures for alignment work. Some argue dedicated teams provide necessary focus and expertise for complex technical challenges. Others believe integrated models prevent safety from becoming siloed and ensure all developers consider alignment implications. The truth likely involves balancing both approaches through matrixed responsibility structures with clear accountability mechanisms. Historical precedents from other technology domains offer relevant insights. Cybersecurity evolved from separate security teams to “shift left” approaches where security considerations integrate throughout development. Similarly, privacy engineering moved from compliance-focused teams to embedded privacy by design principles. These transitions suggest maturation processes where specialized expertise eventually distributes across organizations as domains become better understood. Conclusion OpenAI’s decision to disband its mission alignment team represents a significant moment in the evolution of AI safety practices. While framed as routine reorganization, the move carries implications for how alignment responsibilities will be structured within one of AI’s most influential developers. The transition of team leader Josh Achiam to a chief futurist role suggests continued commitment to long-term safety considerations, albeit through different organizational mechanisms. As AI systems grow more capable and pervasive, the industry will closely watch whether distributed alignment approaches prove effective or whether dedicated teams remain necessary for addressing fundamental technical challenges. The coming months will reveal whether this organizational shift represents strategic optimization or represents changing priorities in the competitive AI landscape. FAQs Q1: What was OpenAI’s mission alignment team? The mission alignment team was an internal unit formed in September 2024 focused on ensuring OpenAI’s AI systems remained safe, trustworthy, and consistently aligned with human values across various scenarios, including adversarial conditions. Q2: Why did OpenAI disband the alignment team? OpenAI describes the disbanding as part of routine reorganization within a fast-moving company. The spokesperson indicated team members were reassigned to other roles where they continue similar alignment-focused work. Q3: What is Josh Achiam’s new role at OpenAI? Josh Achiam, previously head of the Mission Alignment team, now serves as OpenAI’s chief futurist. In this position, he studies how the world will change in response to AI and AGI developments to support the company’s mission. Q4: How does this affect AI safety overall? The impact depends on whether distributed responsibility for alignment proves more effective than dedicated teams. Some experts worry about diluted focus, while others believe integrated approaches prevent safety from becoming siloed. Q5: Has OpenAI disbanded safety teams before? Yes, OpenAI previously disbanded its “superalignment team” in 2024, which was formed in 2023 to study long-term existential threats from advanced AI. This pattern suggests evolving organizational approaches to safety challenges. This post OpenAI Alignment Team Disbanded: Critical Shift in AI Safety Strategy Sparks Industry Debate first appeared on BitcoinWorld .
US Congress questioned SEC Chairman Atkins over the dismissal of crypto cases. Lynch criticized WLFI investment and memecoins, Waters raised claims of political donations. ALT in downtrend at $0.01...
Coinbase has unveiled a new infrastructure product that allows artificial intelligence agents to hold and manage crypto wallets independently. According to a blog post , the company aims to remove one of the biggest limitations facing AI systems today. While agents can analyze data and suggest actions, they cannot execute financial transactions without human approval. Consequently, many automated workflows still rely on manual intervention. Coinbase now seeks to close that gap by introducing Agentic Wallets, a system designed to let AI agents spend, trade, and earn autonomously within predefined limits. The company explained that modern agents already assist with research, trading insights, and API discovery. However, they stall at payment checkpoints. Besides recommending a DeFi trade, they cannot execute it. They can identify a required service, yet they cannot pay for access. Hence, Coinbase believes the next stage of AI development requires direct financial capability powered by crypto rails. Built for Autonomous Financial Operations Agentic Wallets build on Coinbase’s earlier AgentKit framework. However, the new system introduces purpose-built infrastructure for machine-driven finance. Developers can integrate pre-configured skills such as authenticate, fund, send, trade, and earn. Additionally, Coinbase enables gasless trading on Base, which allows agents to operate continuously without network fee interruptions. At the core of the system sits the x402 protocol. Significantly, the protocol supports machine-to-machine payments and automated API access. Coinbase reported that x402 has processed more than 50 million transactions since launch. Moreover, the company released version 2.0 in December to expand compatibility with traditional payment systems. In September, Coinbase and Cloudflare formed the x402 Foundation to promote broader adoption. The infrastructure also includes a command-line tool that helps developers activate wallet functions quickly. Hence, teams can deploy financial capabilities to agents within minutes. Security Controls and Compliance Layers Coinbase emphasized that autonomy does not mean unrestricted spending. The system incorporates programmable guardrails that define session caps and transaction limits. Moreover, secure enclaves protect private keys within Coinbase’s infrastructure. Agents cannot access sensitive credentials directly. Additionally, the platform integrates Know Your Transaction screening to block high-risk activity automatically. The broader Coinbase Developer Platform provides monitoring, authentication, and usage analytics through a dedicated portal.
Swapping Bitcoin (BTC) remains one of the most common crypto actions in 2026. Users swap BTC to manage volatility, move into stablecoins, rebalance portfolios, or access new trading opportunities. While the mechanics are simple, the choice of platform directly affects execution speed, final rate, custody, and overall convenience. This review looks at the top platforms to swap Bitcoin in 2026 , focusing on speed, rate competitiveness, and flexibility. The list includes both non-custodial aggregators and established exchanges, each serving different user needs. 1. SwapSpace — Ranks high for rate comparison and no sign-up swaps SwapSpace ranks at the top for users who prioritize competitive rates, speed, and minimal friction. Rather than operating as a single exchange, SwapSpace is a crypto exchange aggregator that compares real-time swap offers from 37 trusted exchange partners. This allows users to choose the most favorable available rate instead of relying on one platform’s pricing. Key highlights: No registration or account creation required Real-time comparison of multiple providers Support for nearly 4,000 cryptocurrencies, including BTC Fixed and floating rate options Non-custodial swaps with direct wallet delivery NFT-based loyalty program 24/7 live customer support SwapSpace is especially well suited for users who want fast execution, transparency, and control over rate selection without committing funds to a centralized exchange. 2. KuCoin — Broad market access with exchange-based swaps KuCoin is a long-standing centralized exchange known for its wide range of trading pairs and global user base. In addition to spot trading, KuCoin offers a built-in swap and convert function for BTC. Strengths: High liquidity across major BTC pairs Competitive fees for frequent users Large selection of assets Trade-offs: Account registration required Custodial model — funds are held by the exchange KYC may apply depending on usage KuCoin works well for users who already trade actively on centralized exchanges and want BTC swaps within the same ecosystem. 3. OKX — Deep liquidity and fast execution OKX is another major centralized exchange offering BTC swaps alongside advanced trading tools. Its strong liquidity makes it suitable for larger-volume swaps with relatively tight spreads. Strengths: Deep order books for BTC pairs Fast execution during normal market conditions Integrated trading and swap features Trade-offs: Requires account creation Custodial custody model Interface may feel complex for casual users OKX is a solid option for experienced users who value liquidity and already operate within exchange environments. 4. Changelly — Simple non-custodial swaps Changelly is a well-known instant swap service focused on simplicity. It offers non-custodial BTC swaps without requiring users to deposit funds on an exchange. Strengths: No exchange account required Straightforward swap flow Wide asset support Trade-offs: Rates depend on individual liquidity providers Less visibility into alternative pricing options compared to aggregators Changelly is suitable for users who want a simple, quick BTC swap without engaging with a full exchange. 5. 1inch — Suitable for DeFi-native users 1inch is a decentralized exchange aggregator that routes trades across multiple DEXs to find efficient swap paths. While it does not support native BTC directly, it is commonly used for swapping tokenized BTC (such as WBTC) within DeFi ecosystems. Strengths: Strong price optimization across DEXs Non-custodial and permissionless Ideal for DeFi users Trade-offs: Requires wrapped or tokenized BTC Network fees depend on the blockchain used Less suitable for beginners 1inch is best for users already active in DeFi who are comfortable managing wallets, bridges, and tokenized assets. Top Platforms to Swap Bitcoin Platform Rate comparison Account required Key Benefits SwapSpace Yes (37 providers) No Competitive rates and flexibility KuCoin No Yes Exchange-based swaps OKX No Yes High-liquidity execution Changelly Limited No Simple instant swaps 1inch Yes (DEXs) No DeFi-native swaps Final thoughts In 2026, there are numerous ways to swap Bitcoin — the right platform depends on priorities. Centralized exchanges offer liquidity and familiarity, while non-custodial services prioritize control and simplicity. For users who want fast BTC swaps, competitive rates, and no sign-up, exchange aggregators like SwapSpace stand out by combining multiple providers into a single, transparent interface. Other platforms on this list serve specific needs, from deep liquidity to DeFi-native execution. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Banks and crypto executives met again at the White House this week to settle a dispute over stablecoin rewards, but the talks ended without agreement ahead of a March 1 deadline set by the administration. The standoff centers on whether crypto firms can offer yield on dollar-pegged tokens without draining deposits from traditional banks. White House Talks Narrow Gaps But Yield Ban Remains Sticking Point Details from the closed-door meeting were first shared on X by journalist Eleanor Terrett, who cited banking and crypto sources present in the room. According to her, participants described the session as “productive,” though no compromise was reached. She added that banking groups arrived with a written set of “yield and interest prohibition principles.” The document argued that payment stablecoins, as outlined in the GENIUS Act, were designed strictly as payment instruments, not interest-bearing products. It also called for a broad ban on “any form of financial or non-financial consideration” tied to holding or using a payment stablecoin. The handout allows for only extremely limited exemptions and warns against deposit flight that could reduce credit availability for communities. It also proposed civil penalties for violations and strict rules against marketing stablecoins as deposits or FDIC-insured products. One banking concession, according to Terrett’s sources, was the inclusion of language allowing for “any proposed exemption,” a shift from earlier refusals to discuss carve-outs at all. Still, the scope of permissible activities remains disputed, with crypto firms pushing for broader definitions that would let platforms reward users under certain conditions, while banks want those definitions drawn more narrowly. The meeting was led by Patrick Witt, executive director of the President’s Crypto Council. Attendees included Coinbase Chief Legal Officer Paul Grewal, Ripple’s Stuart Alderoty, a16z’s Miles Jennings, and representatives from Paxos and the Blockchain Association. Major banks present included JPMorgan, Goldman Sachs, Bank of America, Citi, Wells Fargo, PNC, and U.S. Bank, along with trade groups such as the American Bankers Association. Alderoty later wrote on X that “compromise is in the air,” though others described the outcome as unresolved. Further discussions are expected in the coming days, although it is unclear whether another White House meeting will occur before the deadline. Deposit Fears Shaping the Broader Legislative Fight The yield debate is unfolding against a wider push to pass a long-delayed crypto market structure bill. Last week, crypto firms floated concessions, including sharing stablecoin reserves with community banks or allowing them to issue their own tokens, in an effort to ease opposition. However, banks argue that yield-bearing stablecoins could pull funds from checking and savings accounts, weakening a primary source of lending capital. Analyst Geoff Kendrick warned that stablecoins could draw up to $500 billion in deposits from banks in industrialized nations by 2028. The post Banks Take Hard Line on Stablecoin Yields as White House Talks Stall appeared first on CryptoPotato .
BitcoinWorld China Fiscal Deficit: Surprising Miss Could Fuel Economic Growth in 2025, Says Standard Chartered BEIJING, March 2025 – Standard Chartered’s latest analysis reveals a surprising development in China’s fiscal landscape that could significantly impact economic growth trajectories. The bank’s research indicates China’s fiscal deficit may fall short of projections, potentially creating unexpected support for sustained economic expansion throughout 2025. This development comes at a crucial juncture for the world’s second-largest economy as it navigates complex global headwinds and domestic structural transitions. China Fiscal Deficit Analysis: Understanding the Numbers Standard Chartered economists have identified a notable discrepancy between projected and actual fiscal deficit figures. The bank’s comprehensive analysis suggests China’s fiscal deficit could miss initial government targets by approximately 0.3-0.5 percentage points of GDP. This deviation stems from several interconnected factors including stronger-than-expected revenue collection and more disciplined expenditure management. Consequently, the fiscal position appears more robust than many market observers anticipated just months ago. Government revenue streams have demonstrated remarkable resilience despite global economic uncertainties. Tax collection from digital economy sectors has exceeded projections significantly. Meanwhile, state-owned enterprise profits have contributed substantially to fiscal coffers. These positive revenue surprises have occurred alongside measured spending approaches in infrastructure and social programs. The combined effect creates a fiscal buffer that could support growth-oriented policies without compromising long-term sustainability. Economic Growth Implications for 2025 The fiscal deficit miss carries profound implications for China’s economic trajectory. Standard Chartered’s modeling suggests this development could add 0.2-0.4 percentage points to GDP growth in 2025. This additional growth potential emerges from multiple channels including increased policy flexibility, improved investor confidence, and enhanced macroeconomic stability. The bank’s analysis indicates policymakers now have greater room to implement targeted stimulus measures if needed while maintaining fiscal discipline. Market reactions have been cautiously optimistic following the analysis release. Bond yields have stabilized while equity markets have shown measured positive responses. International investors particularly appreciate the improved fiscal metrics as they suggest reduced sovereign risk. Furthermore, the stronger fiscal position enhances China’s ability to navigate potential external shocks including trade disruptions or commodity price volatility. This resilience becomes increasingly valuable in an uncertain global economic environment. Standard Chartered’s Expert Perspective Standard Chartered’s research team, led by Chief China Economist Wei Li, provides detailed insights into this development. “Our analysis reveals a nuanced fiscal picture that many observers have overlooked,” explains Li. “The deficit miss doesn’t indicate weakness but rather demonstrates improved fiscal management and revenue diversification. This creates valuable policy space for supporting growth while maintaining stability.” The bank’s economists emphasize that this development reflects successful implementation of China’s medium-term fiscal framework established in 2023. The research incorporates extensive data analysis spanning multiple fiscal quarters. Standard Chartered examined revenue collection patterns across 31 provincial-level regions. They also analyzed expenditure efficiency metrics for major infrastructure projects. Their findings suggest improved fiscal governance mechanisms are yielding tangible results. This represents significant progress in China’s ongoing economic modernization efforts. The bank’s analysis has been peer-reviewed internally and cross-verified with multiple data sources. Comparative Fiscal Performance Analysis China’s fiscal performance shows notable contrasts with other major economies. The following table illustrates key comparative metrics: Country Projected Deficit 2025 Growth Impact Fiscal Space China 2.8% of GDP Positive Moderate United States 5.2% of GDP Neutral Limited European Union 3.1% of GDP Negative Constrained Japan 6.1% of GDP Negative Very Limited China’s relative fiscal position appears stronger than many developed economies. This comparative advantage could prove significant in attracting foreign investment. International capital flows increasingly favor economies with sustainable fiscal profiles. China’s improving metrics align with global investor preferences for fiscal responsibility. This alignment could enhance China’s position in global financial markets throughout 2025. Policy Implications and Future Trajectories The fiscal developments identified by Standard Chartered suggest several policy implications. First, monetary policy could maintain its current supportive stance without requiring aggressive fiscal coordination. Second, structural reform implementation may accelerate given reduced fiscal pressures. Third, social spending programs could receive sustained funding without compromising deficit targets. These policy implications collectively support economic stability and growth. Looking forward, Standard Chartered projects several potential trajectories. Their baseline scenario assumes continued fiscal discipline with moderate growth acceleration. Alternative scenarios consider various external factors including global demand conditions and commodity price movements. The bank emphasizes that China’s fiscal resilience provides valuable buffers against multiple risk scenarios. This resilience becomes particularly important given ongoing global economic uncertainties. Historical Context and Evolution China’s current fiscal position represents the culmination of multi-year policy evolution. Since 2020, authorities have implemented gradual fiscal reforms aimed at improving efficiency and sustainability. These reforms include enhanced revenue collection systems, improved expenditure tracking, and better debt management frameworks. Standard Chartered’s analysis suggests these reforms are now yielding measurable results. The current fiscal outcomes reflect successful policy implementation rather than temporary factors. The historical comparison reveals significant improvement from previous periods. In 2021, China’s fiscal deficit exceeded 3.6% of GDP during pandemic response measures. The current projected deficit below 3% represents substantial normalization. This normalization occurs despite continued economic support measures and structural transition costs. The improvement demonstrates effective fiscal management and economic resilience. Sector-Specific Impacts and Opportunities Standard Chartered’s analysis identifies several sectors likely to benefit from the improved fiscal position: Infrastructure Development: Continued funding for strategic projects Technology Innovation: Sustained research and development investments Green Energy Transition: Accelerated renewable energy deployment Social Services: Stable healthcare and education funding Manufacturing Upgrades: Support for industrial modernization These sectoral impacts could generate positive spillover effects throughout the economy. Infrastructure investments particularly create multiplier effects across related industries. Technology innovation funding supports long-term productivity growth. Green energy investments align with global sustainability trends while creating domestic employment opportunities. The balanced sectoral approach supports diversified economic development. Conclusion Standard Chartered’s comprehensive analysis of China’s fiscal deficit reveals important insights for economic observers and market participants. The potential deficit miss identified by the bank suggests stronger-than-expected fiscal management and revenue performance. This development could provide valuable support for China’s economic growth throughout 2025. The improved fiscal position enhances policy flexibility while maintaining stability. As China navigates complex global economic conditions, this fiscal resilience represents a significant advantage. The China fiscal deficit analysis ultimately points toward sustained economic expansion with reduced vulnerability to external shocks. FAQs Q1: What does Standard Chartered mean by “deficit miss” in China’s fiscal policy? Standard Chartered refers to China’s fiscal deficit potentially being smaller than government projections and market expectations, indicating stronger revenue collection and more controlled spending than anticipated. Q2: How could a smaller fiscal deficit support economic growth in China? A smaller deficit creates fiscal space for targeted stimulus measures if needed, improves investor confidence in economic management, and allows for sustained investment in growth-supporting sectors without compromising fiscal sustainability. Q3: What time period does Standard Chartered’s analysis cover? The analysis examines fiscal performance through early 2025 and projects implications for the full year, based on current revenue and expenditure trends and policy frameworks. Q4: How does China’s fiscal position compare to other major economies? China’s projected deficit of around 2.8% of GDP compares favorably with higher deficits in the United States, European Union, and Japan, providing relative fiscal stability. Q5: What sectors might benefit most from China’s improved fiscal position? Infrastructure, technology innovation, green energy, social services, and manufacturing upgrades are identified as key beneficiaries due to sustained funding and policy support. This post China Fiscal Deficit: Surprising Miss Could Fuel Economic Growth in 2025, Says Standard Chartered first appeared on BitcoinWorld .
Brad Garlinghouse said his company has the opportunity to reach a $1 trillion valuation, while centering its ambitions around XRP.
Bitcoin looks strong on the surface, but the data tells a very different story.