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

Chinese cities begin to pay public employees in digital yuan

Move in Changshu marks next phase to encourage e-currency's adoption

China has been researching into the digital yuan since 2014.   © Reuters

BEIJING -- More Chinese civil servants have begun to be paid entirely in digital yuan, joining some of the country's bank employees as a new phase begins to promote the currency.

Changshu, a city in Jiangsu province, will switch to digital yuan direct deposits for public sector employees this month. The move follows a similar action taken by a local regional lender earlier this year.

Sponsored Content

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

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