Facebook planning to launch Libra next year. Photo: Reuters

China appoints new digital currency head as race with Facebook’s Libra heats up

  • Mu Changchun will replace Yao Qian as the head of the People’s Bank of China’s research subsidiary on digital currency
  • Facebook is planning to launch Libra next year, with some suggesting it could strengthen the US dollar’s dominance and sabotage China’s ambition for the yuan
Topic |   China economy

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Facebook planning to launch Libra next year. Photo: Reuters
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