China Pushes Shanghai's Digital Yuan Model to National Free Trade Zones
3 Articles
3 Articles
BEIJING, July 4 (Xinhua) — China will replicate 77 pilot measures of the China (Shanghai) Pilot Free Trade Zone (FTZ) in other FTZs and nationwide, amid efforts to align with high-standard international economic and trade rules and advance high-level institutional opening-up, according to a […] The post China to replicate measures of Shanghai Pilot Free Trade Zone nationwide for high-level opening-up appeared first on Mercantile Monitor.
Yuan Digital: Challenging the Dominant Dollar! In the world of global finance, China is taking bold steps with its digital currency. With giants like JD.com and Ant Group leading the launch of Yuan based stablecoins, there is a strong competition to the hegemony of the dollar. This movement, backed by state regulation, could change the financial dynasties as we know them. The strategic movement of JD.com and Ant Group JD.com and Ant Group, pilla…
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