Zhou Xiaochuan: China’s Choices in Developing Its Digital Currency System

Editor’s note: China will probably become the first major economy to officially launch a sovereign digital currency, which has long drawn attention from central bankers and fintech investors around the world. This article provides detailed explanation of the issue and what’s behind Beijing’s digital yuan ambitions.

* The development of China’s digital currency is not completely along the same path as many other countries’ central bank digital currencies