ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Currencies

China starts digital yuan trial by giving $30 to 50,000 people

Beijing jumps to real-world test as G-7 nations raise questions on transparency

Buying food in Shanghai: Many Chinese are already accustomed to paying by smartphone. Now, the government has turned to ordinary shoppers to test a digital currency.

SHENZHEN/BEIJING -- As a couple in their 60s entered the self-checkout at a Walmart in Shenzhen, China's high-tech hub, the woman pulled out her phone instead of reaching for her wallet.

That is no surprise in a country where many use payment apps like Alipay. But the pair were taking part in a first-of-its-kind test of the country's plans to issue a digital yuan. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more