-
Why the renminbi can't rival the dollar's reserve status | FT
America enjoys an exorbitant privilege from the fact that the dollar is the world's reserve currency. China would like its currency to have the same status. Asia markets correspondent Hudson Lockett explains what China needs to do to make it happen.
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132
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published: 13 Jan 2021
-
Difference between Chinese Yuan and Chinese Renminbi | China Currency Name | Yuan vs Remnibi
#bearbull #finance #chineseyuan #chinesecurrency #remnibi
published: 01 Nov 2022
-
CHINA CURRENCY - THE RENMINBI OR YUAN
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The renminbi (abbreviated RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: About this soundrénmínbì; literally: 'people's currency'; symbol: 元/¥; code: CNY) is the official currency of China, and one of the world's major reserve currencies. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international conte...
published: 23 Apr 2020
-
De-Dollarisation: Argentina to Pay China in Yuan
De-Dollarisation: Argentina to Pay China in Yuan | Vantage With Palki Sharma
The domination of the US Dollar is being challenged again. Argentina will pay for Chinese imports in Yuan. Does the Chinese currency pose a real threat to the greenback? Palki Sharma tells you.
De-Dollarisation | Yuan | Joe Biden | USA | China | Argentina | Brazil | Chinese Debt Trap | World News | International News | Latest News | Trending News
#yuan #dollar #china #usa #vantage #vantageonfirstpost #palkisharma #firstpost #worldnews #globalnews #latestnews
Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.
Subscribe to Firstpost channel and press the bell icon to get notifie...
published: 27 Apr 2023
-
Yuan overtakes dollar to become most-used currency in China's cross-border transactions | WION
The yuan was used in 48.4% of all cross-border transactions, Reuters calculated, while the dollar's share declined to 46.7% from 48.6% a month earlier. The volume of cross-border transactions covers both the current and capital accounts.
#yuan #china #latestnews
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
...
published: 27 Apr 2023
-
It’s Over: The US Dollar Just Broke The Chinese Yuan
Dedollarization. Why is this word going around everywhere? Turns out, most likely, it's a propaganda campaign from China.
Weekly Live show The China Show - https://www.youtube.com/@thechinashow
My Secret Show - http://patreon.com/advpodcasts
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Crypto support
◘ Bitcoin - bc1qrvvga0c4kn69rlte47q0tzrhugn9pf426tqhvm
◘ ETH - 0x456E5A9B875d4eF8DCb70eB1F7Fa376C520b206C
My documentaries -
◘ Conquering Northern China:
https://vimeo.com/ondemand/conqueringnorthernchina
◘ Conquering Southern China
https://vimeo.com/ondemand/conqueringsouthernchina
Weekly Live show The China Show - https://www.youtube.com/advpodcasts
ADVC...
published: 24 Apr 2023
-
Could China Dethrone The U.S. Dollar With A Digital Yuan?
The U.S. dollar remains the world’s de facto monetary reserve, but with China going full speed ahead with its digital yuan, that could be in jeopardy. Researchers are digging into regulated online money called Central Bank Digital Currencies, or CBDCs, and what that could look like in the U.S.
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published: 25 Jul 2021
-
How China's digital yuan works
CNBC's Eunice Yoon reports on how one consumer in China feels about China's push to encourage growth of the digital yuan and what it could mean for Chinese tech giants. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily be...
published: 20 Apr 2021
-
What is RMB or renminbi?
Know more about RMB and the benefits of using this widely-used currency through Bank of China.
published: 19 Oct 2020
-
Trying China’s Digital Yuan e-CNY
China debuted its digital yuan to foreign visitors and athletes at the Beijing Winter Olympics. The e-CNY is a centralized, cash-like digital currency that will mostly be used for retail payments. The electronic yuan is one of the only so-called central bank digital currencies offered by a major economy. Bloomberg’s Kurumi Mori reports from inside the Olympics bubble in Beijing.
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#Yuan #China #Explained
Bloomberg Quicktake is a global streaming news network for a new generation of leaders and professionals. Our coverage spans your whole world, from your career ambitions to your personal passions and larger societal concerns. We provide the insights you need to make sense of the trends and stories changing your business and your world.
B...
published: 18 Feb 2022
4:57
Why the renminbi can't rival the dollar's reserve status | FT
America enjoys an exorbitant privilege from the fact that the dollar is the world's reserve currency. China would like its currency to have the same status. Asi...
America enjoys an exorbitant privilege from the fact that the dollar is the world's reserve currency. China would like its currency to have the same status. Asia markets correspondent Hudson Lockett explains what China needs to do to make it happen.
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132
► Check out our Community tab for more stories or to suggest videos.
► Listen to our podcasts: https://www.ft.com/podcasts
► Follow us on Instagram: https://www.instagram.com/financialtimes
https://wn.com/Why_The_Renminbi_Can't_Rival_The_Dollar's_Reserve_Status_|_Ft
America enjoys an exorbitant privilege from the fact that the dollar is the world's reserve currency. China would like its currency to have the same status. Asia markets correspondent Hudson Lockett explains what China needs to do to make it happen.
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132
► Check out our Community tab for more stories or to suggest videos.
► Listen to our podcasts: https://www.ft.com/podcasts
► Follow us on Instagram: https://www.instagram.com/financialtimes
- published: 13 Jan 2021
- views: 41996
1:09
CHINA CURRENCY - THE RENMINBI OR YUAN
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C...
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The renminbi (abbreviated RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: About this soundrénmínbì; literally: 'people's currency'; symbol: 元/¥; code: CNY) is the official currency of China, and one of the world's major reserve currencies. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between renminbi and yuan is that renminbi is the name of the currency and yuan refers to its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.
The renminbi is sometimes referred to as the redback in the US financial press.
Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. However more recently, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, 5th by 2015,[10] but 6th in 2019.
On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency)
Source: Wikipedia
Link: https://en.wikipedia.org/wiki/Renminbi
# CHINA MONEY
# CHINESE MONEY
# CHINESE RENMINBI
# CHINA RENMINBI
# CHINESE CURRENCY NAME
# CHINESE CURRENCY NOTES
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The renminbi (abbreviated RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: About this soundrénmínbì; literally: 'people's currency'; symbol: 元/¥; code: CNY) is the official currency of China, and one of the world's major reserve currencies. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between renminbi and yuan is that renminbi is the name of the currency and yuan refers to its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.
The renminbi is sometimes referred to as the redback in the US financial press.
Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. However more recently, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, 5th by 2015,[10] but 6th in 2019.
On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency)
Source: Wikipedia
Link: https://en.wikipedia.org/wiki/Renminbi
# CHINA MONEY
# CHINESE MONEY
# CHINESE RENMINBI
# CHINA RENMINBI
# CHINESE CURRENCY NAME
# CHINESE CURRENCY NOTES
- published: 23 Apr 2020
- views: 9048
0:40
De-Dollarisation: Argentina to Pay China in Yuan
De-Dollarisation: Argentina to Pay China in Yuan | Vantage With Palki Sharma
The domination of the US Dollar is being challenged again. Argentina will pay for C...
De-Dollarisation: Argentina to Pay China in Yuan | Vantage With Palki Sharma
The domination of the US Dollar is being challenged again. Argentina will pay for Chinese imports in Yuan. Does the Chinese currency pose a real threat to the greenback? Palki Sharma tells you.
De-Dollarisation | Yuan | Joe Biden | USA | China | Argentina | Brazil | Chinese Debt Trap | World News | International News | Latest News | Trending News
#yuan #dollar #china #usa #vantage #vantageonfirstpost #palkisharma #firstpost #worldnews #globalnews #latestnews
Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.
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https://wn.com/De_Dollarisation_Argentina_To_Pay_China_In_Yuan
De-Dollarisation: Argentina to Pay China in Yuan | Vantage With Palki Sharma
The domination of the US Dollar is being challenged again. Argentina will pay for Chinese imports in Yuan. Does the Chinese currency pose a real threat to the greenback? Palki Sharma tells you.
De-Dollarisation | Yuan | Joe Biden | USA | China | Argentina | Brazil | Chinese Debt Trap | World News | International News | Latest News | Trending News
#yuan #dollar #china #usa #vantage #vantageonfirstpost #palkisharma #firstpost #worldnews #globalnews #latestnews
Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.
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- published: 27 Apr 2023
- views: 241786
2:35
Yuan overtakes dollar to become most-used currency in China's cross-border transactions | WION
The yuan was used in 48.4% of all cross-border transactions, Reuters calculated, while the dollar's share declined to 46.7% from 48.6% a month earlier. The volu...
The yuan was used in 48.4% of all cross-border transactions, Reuters calculated, while the dollar's share declined to 46.7% from 48.6% a month earlier. The volume of cross-border transactions covers both the current and capital accounts.
#yuan #china #latestnews
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.
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https://wn.com/Yuan_Overtakes_Dollar_To_Become_Most_Used_Currency_In_China's_Cross_Border_Transactions_|_Wion
The yuan was used in 48.4% of all cross-border transactions, Reuters calculated, while the dollar's share declined to 46.7% from 48.6% a month earlier. The volume of cross-border transactions covers both the current and capital accounts.
#yuan #china #latestnews
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.
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- published: 27 Apr 2023
- views: 14894
21:59
It’s Over: The US Dollar Just Broke The Chinese Yuan
Dedollarization. Why is this word going around everywhere? Turns out, most likely, it's a propaganda campaign from China.
Weekly Live show The China Show - ht...
Dedollarization. Why is this word going around everywhere? Turns out, most likely, it's a propaganda campaign from China.
Weekly Live show The China Show - https://www.youtube.com/@thechinashow
My Secret Show - http://patreon.com/advpodcasts
◘ Support me on Patreon to talk to me directly and support my work - http://www.patreon.com/laowhy86
◘ Donate and support this channel through Paypal http://paypal.me/cmilkrun
Crypto support
◘ Bitcoin - bc1qrvvga0c4kn69rlte47q0tzrhugn9pf426tqhvm
◘ ETH - 0x456E5A9B875d4eF8DCb70eB1F7Fa376C520b206C
My documentaries -
◘ Conquering Northern China:
https://vimeo.com/ondemand/conqueringnorthernchina
◘ Conquering Southern China
https://vimeo.com/ondemand/conqueringsouthernchina
Weekly Live show The China Show - https://www.youtube.com/advpodcasts
ADVChina - https://www.youtube.com/advchina
SerpentZA - https://www.youtube.com/serpentza
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Sources -
https://www.shfe.com.cn/upload/20220830/1661841439392.pdf
https://www.bis.org/statistics/rpfx22_fx.htm
https://news.cgtn.com/news/2023-04-06/What-is-driving-the-De-Dollarization-train-to-full-speed--1iMBKVkvniw/index.html
https://newsus.cgtn.com/news/2023-04-05/Explaining-De-dollarization-1iJRvrCjRv2/index.htmlhttps://news.cgtn.com/news/2023-04-07/De-dollarization-is-underway-1iOa6gEghdm/index.html
https://news.cgtn.com/news/2023-04-21/U-S-weaponizing-dollar-speeds-up-global-de-dollarization-U-S-expert-1jbDRJhuJFu/index.html
http://www.news.cn/world/2023-04/13/c_1212044826.htm
https://finance.sina.com.cn/stock/hkstock/ggscyd/2023-04-18/doc-imyquvxk8672926.shtml
https://opinion.huanqiu.com/article/4CYryj8DP7v
https://guce.yahoo.com/consent?brandType=nonEu&gcrumb=bLCKIXg&done=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fdollarization-started-odds-chinas-yuan-020938603.html
https://www.facebook.com/realcarrickryan/
https://wn.com/It’S_Over_The_US_Dollar_Just_Broke_The_Chinese_Yuan
Dedollarization. Why is this word going around everywhere? Turns out, most likely, it's a propaganda campaign from China.
Weekly Live show The China Show - https://www.youtube.com/@thechinashow
My Secret Show - http://patreon.com/advpodcasts
◘ Support me on Patreon to talk to me directly and support my work - http://www.patreon.com/laowhy86
◘ Donate and support this channel through Paypal http://paypal.me/cmilkrun
Crypto support
◘ Bitcoin - bc1qrvvga0c4kn69rlte47q0tzrhugn9pf426tqhvm
◘ ETH - 0x456E5A9B875d4eF8DCb70eB1F7Fa376C520b206C
My documentaries -
◘ Conquering Northern China:
https://vimeo.com/ondemand/conqueringnorthernchina
◘ Conquering Southern China
https://vimeo.com/ondemand/conqueringsouthernchina
Weekly Live show The China Show - https://www.youtube.com/advpodcasts
ADVChina - https://www.youtube.com/advchina
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◘ Donate and support this channel through Paypal http://paypal.me/cmilkrun
◘ OR Become a Sponsor on YouTube:
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Sources -
https://www.shfe.com.cn/upload/20220830/1661841439392.pdf
https://www.bis.org/statistics/rpfx22_fx.htm
https://news.cgtn.com/news/2023-04-06/What-is-driving-the-De-Dollarization-train-to-full-speed--1iMBKVkvniw/index.html
https://newsus.cgtn.com/news/2023-04-05/Explaining-De-dollarization-1iJRvrCjRv2/index.htmlhttps://news.cgtn.com/news/2023-04-07/De-dollarization-is-underway-1iOa6gEghdm/index.html
https://news.cgtn.com/news/2023-04-21/U-S-weaponizing-dollar-speeds-up-global-de-dollarization-U-S-expert-1jbDRJhuJFu/index.html
http://www.news.cn/world/2023-04/13/c_1212044826.htm
https://finance.sina.com.cn/stock/hkstock/ggscyd/2023-04-18/doc-imyquvxk8672926.shtml
https://opinion.huanqiu.com/article/4CYryj8DP7v
https://guce.yahoo.com/consent?brandType=nonEu&gcrumb=bLCKIXg&done=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fdollarization-started-odds-chinas-yuan-020938603.html
https://www.facebook.com/realcarrickryan/
- published: 24 Apr 2023
- views: 528328
14:50
Could China Dethrone The U.S. Dollar With A Digital Yuan?
The U.S. dollar remains the world’s de facto monetary reserve, but with China going full speed ahead with its digital yuan, that could be in jeopardy. Researche...
The U.S. dollar remains the world’s de facto monetary reserve, but with China going full speed ahead with its digital yuan, that could be in jeopardy. Researchers are digging into regulated online money called Central Bank Digital Currencies, or CBDCs, and what that could look like in the U.S.
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Could China Dethrone The U.S. Dollar With A Digital Yuan?
https://wn.com/Could_China_Dethrone_The_U.S._Dollar_With_A_Digital_Yuan
The U.S. dollar remains the world’s de facto monetary reserve, but with China going full speed ahead with its digital yuan, that could be in jeopardy. Researchers are digging into regulated online money called Central Bank Digital Currencies, or CBDCs, and what that could look like in the U.S.
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Could China Dethrone The U.S. Dollar With A Digital Yuan?
- published: 25 Jul 2021
- views: 382167
5:37
How China's digital yuan works
CNBC's Eunice Yoon reports on how one consumer in China feels about China's push to encourage growth of the digital yuan and what it could mean for Chinese tech...
CNBC's Eunice Yoon reports on how one consumer in China feels about China's push to encourage growth of the digital yuan and what it could mean for Chinese tech giants. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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https://wn.com/How_China's_Digital_Yuan_Works
CNBC's Eunice Yoon reports on how one consumer in China feels about China's push to encourage growth of the digital yuan and what it could mean for Chinese tech giants. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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- published: 20 Apr 2021
- views: 49155
6:40
What is RMB or renminbi?
Know more about RMB and the benefits of using this widely-used currency through Bank of China.
Know more about RMB and the benefits of using this widely-used currency through Bank of China.
https://wn.com/What_Is_Rmb_Or_Renminbi
Know more about RMB and the benefits of using this widely-used currency through Bank of China.
- published: 19 Oct 2020
- views: 15183
2:16
Trying China’s Digital Yuan e-CNY
China debuted its digital yuan to foreign visitors and athletes at the Beijing Winter Olympics. The e-CNY is a centralized, cash-like digital currency that will...
China debuted its digital yuan to foreign visitors and athletes at the Beijing Winter Olympics. The e-CNY is a centralized, cash-like digital currency that will mostly be used for retail payments. The electronic yuan is one of the only so-called central bank digital currencies offered by a major economy. Bloomberg’s Kurumi Mori reports from inside the Olympics bubble in Beijing.
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#Yuan #China #Explained
Bloomberg Quicktake is a global streaming news network for a new generation of leaders and professionals. Our coverage spans your whole world, from your career ambitions to your personal passions and larger societal concerns. We provide the insights you need to make sense of the trends and stories changing your business and your world.
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https://wn.com/Trying_China’S_Digital_Yuan_E_CNY
China debuted its digital yuan to foreign visitors and athletes at the Beijing Winter Olympics. The e-CNY is a centralized, cash-like digital currency that will mostly be used for retail payments. The electronic yuan is one of the only so-called central bank digital currencies offered by a major economy. Bloomberg’s Kurumi Mori reports from inside the Olympics bubble in Beijing.
Like this video? Subscribe: https://bit.ly/3iERrup
#Yuan #China #Explained
Bloomberg Quicktake is a global streaming news network for a new generation of leaders and professionals. Our coverage spans your whole world, from your career ambitions to your personal passions and larger societal concerns. We provide the insights you need to make sense of the trends and stories changing your business and your world.
Bloomberg Quicktake: Explained brings you the context behind the headlines, helping you see the day's news through the prism of what will matter in the years ahead. Check out our partner channels Bloomberg Quicktake: Originals for original series and Bloomberg Quicktake: Now for breaking global news.
To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
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- published: 18 Feb 2022
- views: 14457