Digital Currency
China is building parallel financial capabilities rather than directly challenging the dollar's status as the global reserve currency. The e-CNY has become one of the world's most advanced central bank digital currency experiments, processing over 3.4 billion transactions worth about US$2.3 trillion by the end of 2025.
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The People's Bank of China has pledged to integrate the digital yuan into the New International Land-Sea Trade Corridor and establish a cross-border payment pilot with Singapore to promote the internationalisation of China's currency.
October 19, 2025 23:09