
China's plan for a digital currency will have global implications
Future Tense
China's Embrace of Cashless Payments
This chapter discusses the high adoption rates of mobile payments in China, the development of digital payment systems such as Alipay and WeChat Pay, and the Chinese government's determination to develop a universal digital currency. It explores the potential impacts of China's plan for a digital currency on Chinese businesses and the risks and implications of this development.
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