Money Talks: How the Digital Yuan Will Change China—and the World, 7.8.21

China is taking the lead in the global race to launch central bank digital currencies. What’s at stake? Will the digital yuan challenge the global dominance of the U.S. dollar? How will central bank digital currencies change the global trade and payment systems?

Josh Lipsky, Lian CHENG, and Peter J Reisman discuss the future of payment processing, purchasing, and power in this China Institute business program from July 8, 2021.

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As a foreigner visiting China, digital yuan being available is a huge convenience since cash is barely accepted these days.