China is pioneering the creation of a central bank digital currency that is likely to be the first of its kind. If China succeeds in implementing a digital renminbi, it could generate significant economic and political dividends for Beijing, at home and abroad.
The internet has fundamentally transformed China. Internet-based technologies help drive China’s ongoing development, but they have also been used to clamp down on political dissidence. Learn more about the opportunities and challenges presented by the internet with this ChinaPower exclusive.