China Pushes Multi-Polar Currency Order via Digital Yuan Strategy

China Pushes Multi-Polar Currency Order via Digital Yuan Strategy

IntroductionChina is intensifying efforts to use its digital yuan as a tool to promote a multi-polar global currency order. The strategy reflects Beijing’s long-standing goal of reducing reliance on the US dollar in international trade and financial settlements. By leveraging central bank digital

China Opens Shanghai Digital Yuan Hub to Boost Cross Border Payments

China Opens Shanghai Digital Yuan Hub to Boost Cross Border Payments

IntroductionChina has opened a new Digital Yuan Hub in Shanghai with the explicit aim of expanding cross border payment capacity. The hub represents one of the most ambitious steps in the evolution of the e-CNY, the country’s central bank digital currency. Officials describe