A digital yuan?
China is moving towards a digital currency but there is a long way to go.
A digital currency has been a heated discussion among central banks around the globe, and China is no exception. Where does Renminbi stand in the debate, what's next and what would be the implications of a digital yuan? Professor ZHU Min, Chair of the National Institute of Financial Research at Tsinghua University and former Deputy Managing Director of the International Monetary Fund, shares his insight with Bruegel Director Guntram Wolff and Senior Fellow Alicia García-Herrero.
Relevant event:
Disruption or transformation: the impact of a digital euro on the financial system with Guntram Wolff and Fabio Panetta
This episode is part of the ZhōngHuá Mundus series of The Sound of Economics.
ZhōngHuá Mundus is a newsletter by Bruegel, bringing you monthly analysis of China in the world, as seen from Europe.
Related content
South Korea's semiconductor strategy
Economic ties are being reshaped by the semiconductor industry's evolution
Key takeaways from China’s Two Sessions
Unpacking China’s biggest annual political event
China’s third attempt to internationalise its currency
What will happen if China manages to strengthen the RMB?
Expectations and outcomes of the 24th EU-China summit
Was the Summit another ‘dialogue of the deaf’?