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China's Digital Currency Threatens America's Financial Dominance

April 9, 2021 Communist China became the first major economy to create a government-sanctioned digital currency โ€” digital yuan. Such a move will significantly impact the great power competition between the United States and China and may reshape the dollar-dominated global financial structure forever. When Xi Jinping, the Chinese Communist Party General Secretary, talked about returning China to a world superpower status, he always envisioned Chinaโ€™s currency (the yuan) would achieve a glob...
United States Hong Kong North Korea Satoshi Nakamoto Carrie Lam Josh Lipsky

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