China’s expansion of the pilot programme for its digital yuan is said to be primarily focusing on its use in the retail sector. Image: Shutterstock China’s expansion of the pilot programme for its digital yuan is said to be primarily focusing on its use in the retail sector. Image: Shutterstock
China’s expansion of the pilot programme for its digital yuan is said to be primarily focusing on its use in the retail sector. Image: Shutterstock

China’s sovereign digital currency plans must be globally compatible to internationalise the yuan, analysts say

  • The ‘interoperability’ of the digital yuan with international payment systems and other central bank digital currencies will determine its use abroad
  • There is a sense of urgency to promote greater use of the yuan to help China offset threat of worst-case US sanctions that could cut it off from dollar payment system

Topic |   China economy
China’s expansion of the pilot programme for its digital yuan is said to be primarily focusing on its use in the retail sector. Image: Shutterstock China’s expansion of the pilot programme for its digital yuan is said to be primarily focusing on its use in the retail sector. Image: Shutterstock
China’s expansion of the pilot programme for its digital yuan is said to be primarily focusing on its use in the retail sector. Image: Shutterstock
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