The Shanghai municipal government has issued a new digital transformation plan that highlights greater use of the digital renminbi for both online and offline purposes. On 27 October the Shanghai municipal government issued the “Shanghai 14th Five Year Plan for Comprehensively Driving the Digital Transformation of the City” (??????????????“???”??). The Plan calls for “undertaking digital renminbi trials, and expanding application scenarios in areas including online and offline payments, transit and transportation, government services and everyday life.” Shanghai’s recent “Wu Wu Huanle” ( ????) digital renminbi campaign saw the issuance of a total of 19.25 million yuan in the digital renminbi...