China's Digital Yuan: Motivations of the Chinese Government and Potential Global Effects.
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 potenti...
| Published in: | Journal of Contemporary China Vol. 32; no. 139; pp. 87 - 106 |
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| Format: | Article |
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Taylor & Francis Ltd
Jan2023
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=160934261&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 160934261 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10670564 LCC jtl: Journal of Contemporary China issn: 10670564 maglogo: Y pubinfo: dt: Jan2023 vid: 32 iid: 139 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 160934261 10.1080/10670564.2022.2052441 ppf: 87 ppct: 19 formats: fmt: – @attributes: type: T db: hlh ui: 160934261 – @attributes: type: P db: hlh ui: 160934261 tig: atl: China's Digital Yuan: Motivations of the Chinese Government and Potential Global Effects. aug: au: Kshetri, Nir affil: Bryan School of Business and Economics, The University of North Carolina-Greensboro, NC, USA su: China Chinese Communist Party Technological innovations Digital technology Digital currency Renminbi sug: subj: Technological innovations China Chinese Communist Party Digital technology Digital currency Renminbi ab: 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. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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