The practice assists foreign investors into China and
has done so since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Honng
Kong. Context: The digital yuan has been in development since 2014 and
is currently piloted by individuals in Shenzhen, Suzhou, Xiongan, and Chengdu.
At the end of the week, the digital yuan made an appearance on a banking app, then mysteriously disappeared.
The expansion is could take place by the end of the year.
My guess would be that this happens in the middle of the year.
Consumer demand is the vulnerability in the global attack surface that
a weaponized digital currency will exploit.
Way too much manufacturing has been sent "overseas" because they
thought they were keeping the costs down for the consumer but instead were
empowering other nations with our economy and ideas. Still,
Yi played down the prospect of an imminent launch, saying the digital yuan project is still inn the early stages.