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Currencies

China's digital yuan ambitions face a bubble tea test

E-currency trials in several cities are also part of economic stimulus

A screenshot of the China Construction Bank digital yuan mobile app: Few are aware of the trial that is meant to eventually wean the public away from cash. (Photo by CK Tan)

SUZHOU, China -- In one of the latest trials being conducted by the People's Bank of China into its ambitious project to digitize the yuan, Zhou Jie considers herself one of the winners.

The entrepreneur, who runs a bubble tea outlet called Bianjing Teahouse in a shopping mall in the eastern city of Suzhou, was one of the people selected to get 200 yuan in a trial rollout of the digital yuan.

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