https://www.scmp.com/rss/509353/feed Fiorenzo Manganiello is an investor and co-founder of LIAN Group. He is also a professor at the Geneva Business School. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Fiorenzo Manganiello,Nessim Sariel-Gaon Fiorenzo Manganiello,Nessim Sariel-Gaon Ever since 2014, the Chinese government has led the global race to form a central bank digital currency (CBDC) with the creation of the digital yuan. Central banks across the world soon began to play catch-up and develop their own projects behind this digital technology. Seven years later, the Bank for International Settlements (BIS) estimates that 86 per cent of central banks around the world are researching digital currencies. About 60 per cent of them are developing their own digital... https://www.scmp.com/comment/opinion/article/3136506/how-chinas-digital-currency-leading-race-displace-bitcoin-and-other?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3136506/how-chinas-digital-currency-leading-race-displace-bitcoin-and-other?utm_source=rss_feed Wed, 09 Jun 2021 06:30:00 +0000 It has been over 40 years since China abandoned its large communal farms. Back when state monopolies procured farm production at fixed prices, farmers’ income was capped, giving them no incentive to produce more food. The system was a failure, and an estimated 30 million starved to death in the 1959-61 famine. Reforms in the late 1970s, which allowed farmers to keep and sell surplus production, greatly boosted their income and provided an incentive to maximise yields. Today, China produces... https://www.scmp.com/comment/opinion/article/3126554/how-blockchain-and-other-digital-technology-can-help-china-achieve?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3126554/how-blockchain-and-other-digital-technology-can-help-china-achieve?utm_source=rss_feed Tue, 23 Mar 2021 19:30:09 +0000