In this special report, we discuss China’s ambition to dominate the global monetary system. The Chinese regime is speeding up its plans for digital currency… Wang Xin ,Director of People’s Bank of China Research Bureau said, “The Digital Renminbi is being tested in many regions in China.” Building a cross-border payment system to push the use of the Chinese yuan for global trade… Zhang Xin, Executive Vice President of CIPS said, “It can be said that it’s a major national weapon,” adding “then we can use data analysis, value-added services, etc., to serve our country’s policy and monitoring purposes.” Deng Di, Tai Cloud CEO said, “Using the blockchain technology, we strike a heavy blow to America’s financial hegemony.” All part of a bigger plan to challenge the U.S. dollar… Di Dongsheng, Chinese academic of international relations April 2020 said, “It’s all about harvesting part of the dollar hegemony. We can’t …
China in Focus (May 21): Digital Yuan Helps China’s Global Currency Ambition
May 21, 2021
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