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China’s digital yuan moves hint at a wider reboot

TOKYO – When economic historians look back at the exact inflection-point moment when China’s yuan went truly international, July 2021 could figure prominently. On July 16, we learned the People’s Bank of China was exploring cross-border payments in digital yuan. For all the controversies facing President Xi Jinping’s government – including doubts about a “V-shaped” recovery – […]

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