Shenzhen launches digital RMB pilot program
Paper money was born in China and ended in China
Welcome to the Chinese Century folks
China is the only cyber-sovereign country in the world having an independent intranet, satellites, and now public-fund digital currency. Go on China and let the West continues its falling.
Professor Chanrong Jin said: To see China's today is the key to know the future of the world!
I can't wait to use this when I visit China in the future.
threat to petro dollars.
This could lead to another war like what happened to Iraq and Libya as a result of challenging petro dollars, don't you think ?
Many parts of India are still using 3G and we Indians consider ourselves as one of the world's high tech superpowers especially with software
Good on you, to become truly a leader. First you need to remove the caste tradition.
its already abolished in cities. 27% reservation is given to lower caste people in education n jobs. Their cutoff for selection goes 150marks n general candidate has to score 500 to get same seat.
Plus they also dont pay any tution fees. Both our pm n president r not upper caste.
All this achieved without any uselss revolution.
The problem is that the go nment officers that evaluate, assess & decide for us are idiots with no knowledge of the reality on the ground. Give a free hand to the technocrats working in big strategy, IT & even go nment scientific organizations & see how well India rises.
I had a co-worker tell me about India's tech, he talked about how he plans to leave Canada to open a business back home when he's saved up enough. I actually thought India and China tech were kinda close
India and Pakistan are among the world's best when it comes to Software and IT,,,Politics is slowly killing India's dream and thats what the west want,,,India will never prosper unless it give up its dependency on the west, and cultivate a good relationship with China, and Pakistan
@Denis Richu What????? Can you name me Indian equivalent to Wechat, Alibaba, tiktok, alipay, weibo etc. as well as lenovo, DJI, Oneplus, Huawei, Xiaomi, Haier etc?
@Mr. HeavyDebater India does not have large companies because their IT professionals migrate to US and Europe.. Indian politics are messed up.. They don't support innovation
China has started a new chapter of digital currency. This is the weapon to kill bribery, money laundering and ill-gotten gains. If it incidentally kills the credit card and its charges so be it.
it is the beginning of the end of USA$
Mainly to avoid the US controlled SWIFT code system.
US-China war will be intensified.
This gives the central bank MASSIVE abilities to micromanage the economy, now they can see how their monetary policies are affecting the economy in real time.
China really live in future
wow, I meant,, wow!
Juan Felipe C
I would like to visit China
I hope I will use it when I go to China
How can I buy Digital RMB?
Good tech...still I'd rather use paper money.
You can't buy gold and USD with the digital currency. All the transactions are monitored by the gov't.
Dear PRC , please allow small investors from your neighbors, we would like to buy some worthy company stocks, to safe keep for our children.
20 years later,china going to conquer alians world
I prefer paper money.
China has always invented things that we take for granted daily. Paper money is originally from China and so is gun powder among many other things. It’s true that China had to catch up to the West in the past decades but they’re already doing their own thing now. Most people criticising China don’t realise that they are criticising a country with more than 5000 years of history. I repeat: 5000!! Both China and India have always been the leaders of the world back then and it’s only due to Western colonisation that these two countries suffered so much. Right now, though, these Western countries are trying to pit India against China as it’s much easier to divide and conquer than having to fight these two countries both at the same time. Sad but true.
大多数批评中国的人没有意识到他们是在批评一个拥有5000多年历史的国家。我重复一遍:5000年历史 ! !
The US dollar domination is slowly being choked to death.
As China interest rate is not negative, she is not in a hurry to place Digital yuan as no. 1 cash unlike the USD which is the world reserve currrency. There is so much only you can go negative b4 people pull their money out.
Can we also buy some digital RMB
This is not merely a USDollar's grave digger. It's digging a mass grave to burry alive many bankers together with drug traffickers
peethaambar reddy kalluru
In india 5 years before we launch digital reward points system. Why china lately introduced.
You guys are hyping about this , this digital money transfer that doesn't need wifi or data has been existing in Kenya for more 7 years now!!!.. WeChat and alipay needs data or wifi which Chinese have been using it for years..this idea was stolen from Kenya.. it's called mpsea!! It only needs simcard
I guess nobody here is realising the negatives associated with this
Total control; they can turn off you In a split second and monitor, and control every financial transaction even easier with this new type of money. I would recommend bitcoin for fre m and prosperity.
False choice. You are thinking too small.
China is working with bit coin among others.
Apple Pay came out so much sooner, no big deal
I can say China is evolved to a cashless country nowadays, and is the only one in the world in view of it's population size. I came to Shenzhen 2 years ago and just to play safe I exchanged 20K cash RMB before leaving my home country. I put 19K in my bank account and 1K in my wallet. Now I still have 700+ in my wallet and all the transactions during this period were all direct through my bank account via my mobile phone. I'm so used to it and it happened twice when I visit car wash during my home visit, I was embarrassed by just bring my mobile phone to the car wash and have no cash to pay.