Beijing's digital yuan policy will have its Huawei moment

Privacy concerns rise as central bank covets data now held by Alipay and WeChat

20210106 CHINA CURRENCY DIGITAL

The digital yuan, undergoing trial runs in several cities, is due to be formally launched before China holds the Winter Olympics next year. © Reuters

JAMES KYNGE

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.

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