RMB to CBDC: Implications of China's digital currency

China is developing an all-digital currency. Could it completely replace the paper RMB? Could it compete with the dollar for global interoperability and dominance? The EIU speaks with Andrew Work, co-founder of The Lion Rock Institute, about his recent report on a digital Yuan and how a Central Bank Digital Currency (CBDC) even works—including features, bugs, and implications for global businesses. This episode is hosted by Jason Wincuinas, senior editor, Asia, at The Economist Intelligence Unit. Hosted on Acast. See acast.com/privacy for more information.

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Economist Impact combines the rigour of a think-tank with the creativity of a media brand to engage an influential global audience. We partner with corporations, foundations, NGOs and governments across big themes including sustainability, health and the changing shape of globalisation to catalyse change and enable progress. The Economist Group includes Economist Impact, Economist Intelligence, Economist Education and The Economist newspaper.Follow Asia Perspectives by Economist Impact to make sure you never miss an episode. Hosted on Acast. See acast.com/privacy for more information.