Digital yuan trials have been steadily growing in scale and incorporating more use cases while also testing features such as controllable anonymity and dual offline payments. The digital yuan’s prospective rollout should reshape both consumer-facing and B2B payment systems, form an integrated public-private payment ecosystem, spur FinTech companies to refocus on their core payment businesses and make the payment market more competitive.

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About the Author

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  Li Zhihui

  Senior Consultant

  Global Industrial Policy & Management Research Department