Shenzhen’s Rise Shows China Is Centrally Focused On The Digital Yuan

October 25, 2020 4:09 pm


Oct 16, 2020,12:01pm EDT
Shenzhen’s Rise Shows China Is Centrally Focused On The Digital Yuan
Roger Huang Contributor
https://www.forbes.com/sites/rogerhuang/2020/10/16/shenzhens-rise-shows-china-is-centrally-focused-on-the-digital-yuan/#297bf041e5c7
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>……It is no coincidence that the Chinese state has become most aggressive at trialing its digital yuan in Shenzhen, giving out free amounts of about 10 million yuan (about $1.5 million in USD) to about 50,000 citizens selected by a lottery in the form of “red envelopes” or 红包 (hóngbāo), a monetary gift traditionally wrapped into red envelopes for special occasions……