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China’s Digital Currency and the CCP Factional Struggle

◎ Factional fighting in the CCP elite will complicate the digital currency’s implementation. In mid-August, the People’s Republic of China Commerce Ministry announced the expansion of a digital currency pilot program in wealthier major cities in eastern and southern China. Trials will be conducted later in the poorer central and western regions in places that ...

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◎ Factional fighting in the CCP elite will complicate the digital currency’s implementation. In mid-August, the People’s Republic of China Commerce Ministry announced the expansion of a digital currency pilot program in wealthier major cities in eastern and southern China. Trials will be conducted later in the poorer central and western regions in places that …

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