Shanghai center aims to advance digital yuan in cross-border trade as global partners seek alternatives to the US dollar.

Photo: Dominic Kurniawan Suryaputra

Key Takeaways

  • China launched a digital yuan hub in Shanghai to promote international trade and cross-border payments using its central bank digital currency.
  • The goal is to support trade, investment, and innovation in digital finance while linking China’s financial system with overseas markets.

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