China’s Digital Yuan

Motivations of the Chinese Government and Potential Global Effects

Bibliographic Data

ID12422816
AuthorsNir Kshetri (0000-0002-1408-4212, Bryan School of Business and Economics, The University of North Carolina-Greensboro, NC, USA, corresponding author)
Year2022
Volume32
Issue139
Pages87-105
Publication date2022-03-20
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Contemporary China (JOURNAL)
Journal identifiersISSN: 1067-0564 • E-ISSN: 1469-9400
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/10670564.2022.2052441
OpenAlexW4220653515
LanguageEN
Citations received6

This article highlights the key motivations behind China’s plan to launch the digital yuan and reviews the potential impacts on China and abroad. The article analyzes the digital yuan’s benefits to consumers, such as a reliable low-risk, low cost, and high-efficiency payment solution and the potential to promote financial inclusion. It compares the digital yuan with its most prominent competitors. Also discussed is how the digital yuan is expected to provide the Chinese Communist Party with a new powerful tool to monitor and control its economy and people. The article provides a critical evaluation of the potential of the digital yuan’s internationalization. This article also provides a perspective on the digital yuan to set global standards for the development of national digital currencies

Action plan · Business · China · Competitor analysis · Digital economy · Economics · Economy · Government (linguistics · International trade · Internationalization · Management · Payment · Political science · Digital Platforms and Economics · FinTech, Crowdfunding, Digital Finance · Law · Finance · Marketing

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