Opinion: China's Central Bank Digital Currency Could Revolutionize Global Trade

Global trade is dominated by the U.S. dollar, the euro, the Japanese yen, and the British pound. The Chinese yuan has a share of roughly 3%, despite China being the largest trading partner for most of the world. As the world's largest trading nation and the center of many of the world's essential supply chains, China is left mainly at the mercy of other nations' currencies to compete in and drive commerce.