News Analysis The electronic payment (e-payment) industry and RMB digital business have been rapidly pushing forward over the past year in China, highlighting the way money will be more easily controlled by the ruling Chinese Communist Party (CCP). Compared to other payment methods such as cash, bills, or bank cards, e-payments are often more convenient,…
E-Payment Industry Growing in China, Despite Risks
July 3, 2022
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WeChat Deepens Partnership with the CCP over Digital Yuan Expansion
WeChat, China’s Twitter-like social media app, announced on April 6 that it has embraced digital Chinese yuan in certain pilot regions as part of its intensified cooperation with the Chinese Communist Party (CCP). In recent years WeChat has increasingly become the regime’s tool for monitoring citizens, censoring speech, and clamping down on dissidents. According to the…
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