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China Plans To Test Digital Yuan In Hong Kong's Greater Bay Area
Summary: China's digital yuan — a central backed digital currency — will soon be tested in Hong Kong's Greater Bay Area, as reported by local media outlet Southern Daily. China's Greater Bay Area consists of nine cities, including Hong Kong, with a combined population of 69 million people. China plans to transform the Greater Bay Area into a technological ...
China's digital yuan — a central backed digital currency — will soon be tested in Hong Kong's Greater Bay Area, as reported by local media outlet Southern Daily.
China's Greater Bay Area consists of nine cities, including Hong Kong, with a combined population of 69 million people. China plans to transform the Greater Bay Area into a technological economic hub with the digital yuan playing a starring role.
The move comes as President Xi Jinping is making sweeping plans to insulate China's economy as tensions between the country and the United States grow.
By Emily Mason
Tags: China,Digital Yuan,US-China Tensions,USA
Link: China Plans To Test Digital Yuan In Hong Kong's Greater Bay Area [Copy]
