The term CHOYNA is a distortion of China, a country where the cryptocurrency market is highly active. The country is considered very influential in the crypto market and also accounted for majority of Bitcoin mining and trading, until the government unleashed severe crackdown. This misspelling of China is also attributed to the US President Donald Trump's way of saying "China".
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.