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China tech

China sets trial run for digital yuan in top city hubs

Shanghai, Beijing, Guangzhou and Hong Kong added to pilot project amid US tensions

QR codes for shoppers to use to pay with the mobile phone apps Alipay and WeChat Pay are ubiquitous in China.     © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent | China

HONG KONG -- Chinese authorities will expand test use of the country's prototype digital currency across the nation's three leading urban clusters centered on Beijing, Shanghai and the southern cities of Guangzhou, Shenzhen and Hong Kong.

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