China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture. Photo: Reuters China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture. Photo: Reuters
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture. Photo: Reuters
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Digital yuan push for fully cashless society on course to pay off

  • New money system to be set up by Beijing will be convenient for the public, make life harder for criminals and may help counter US dollar dominance

China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture. Photo: Reuters China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture. Photo: Reuters
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture. Photo: Reuters
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SCMP Editorial

SCMP Editorial

Editorials represent the views of the South China Morning Post on the issues of the day.