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China's push for RMB internationalization

Sinica Podcast

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Is China's Digital Currency Driving R&B Internationalization?

China's digital currency and cross-border payments system are unquestionably part of Beijing's efforts to promote the arm internationalization as well however they're not driving the process at best. Can you explain what exactly china's digital currency is supposed to do if it's not really driving r&b internationalization or if it really had nothing to do with r&B internationalization? It was very much kind of uh looked at in the in the con context of the domestic economy and how it would essentially provide the authorities with a lot of power um additional source of power and control over the domestic economy now.

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