18 Days
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الاقتصادية
China expands digital yuan rollout internationally
China is working to expand the widespread use of the digital yuan both domestically and internationally, aiming to reduce reliance on the dollar and accelerate its internationalization to counter Western dominance, especially amid geopolitical tensions like the Middle East conflict. The plans include integrating the digital currency into various sectors and increasing its use in cross-border transactions, with the number of approved banks being doubled and the development of applications based on smart contracts. However, the project faces international obstacles and a lack of enthusiasm from some external partners.
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