Beijing's digital yuan policy will have its Huawei moment

One of China's ancient "36 stratagems" for winning advantage over an adversary is called "killing with a borrowed knife." It refers to the ploy of using another's strength to achieve one's aims.

Beijing's planned launch of a digital yuan is a case in point. It "borrows" a technological breakthrough to lay the foundation for China's party-state to reassert control over powerful private sector actors.