China update

How worried is the Biden administration about China’s digital currency? | South China Morning Post

Officers on the US Treasury, State Division, Pentagon and Nationwide Safety Council are bolstering their efforts to grasp the potential implications of China’s digital foreign money.

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Worried ‘US behind the curve’ as China races ahead in digital yuan development | South China Morning Post

China has been conducting experiments and assessments of its sovereign digital foreign money for greater than 5 years, with the Biden administration solely simply now exhibiting assist for analysis into the viability of a digital US greenback for the primary time.

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China’s e-yuan tests top 100 million yuan as Beijing, Suzhou confirm trials | South China Morning Post

Beijing and Suzhou will challenge a complete of 40 million yuan (US$6.2 million) within the newest trials of the nation’s sovereign digital forex this week in a bid to spice up consumption over the upcoming Chinese language New 12 months vacation.

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China sees currency rise as ‘relatively moderate’ against US dollar | South China Morning Post

Issues have been raised amongst analysts over the velocity of the appreciation of the yuan with China’s forex gaining round 7 per cent in opposition to the US greenback prior to now six months.

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Which central bank will launch world’s first digital currency? | South China Morning Post

China is testing a sovereign digital forex, however different members of the G20 and the likes of Sweden and Cambodia are additionally at varied phases of analysis and improvement.

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