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Digital Renminbi Will Drive High-Quality Growth of Chinese Economy: People’s Daily

News Snapshot:

The flagship newspaper for the Chinese Communist Party (CCP) has published a headline opinion piece in its economic section highlighting the role of China’s central bank digital currency in driving high-quality growth. “The digital renminbi will serve as the new infrastructure for the era of China’s digital economy,” wrote Dong Ximiao (???), researcher from the Fudan University Research Institute, in the article entitled “The Digital Renminbi Aids the High-quality Development of the Chinese Economy” (????????????????). “It will reshape the Chinese monetary and payments system on the foundation of resolving numerous domestic and foreign challenges.” Advantages of the digital renminbi highlighted…

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