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China's digital yuan is a transaction helper, not a Trojan horse

Beijing puts itself at the forefront of new currency development

| China
A sign indicating digital yuan, pictured in Shanghai on Apr. 21: China is the most prepared among the large economies to launch a plausible CBDC.   © Reuters

Nan Li is associate professor at the Antai College of Economics and Management at Shanghai Jiao Tong University. John D. Van Fleet supports industry relations for the Antai College.

Each passing week seems to bring more media discussion about the digital yuan, China's version of a central-bank issued digital currency, or CBDC.

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