RMB to CBDC: Implications of China's digital currency

China is developing an all-digital currency. Could it completely replace the paper RMB? Could it compete with the dollar for global interoperability and dominance? The EIU speaks with Andrew Work, co-founder of The Lion Rock Institute, about his recent report on a digital Yuan and how a Central Bank Digital Currency (CBDC) even works—including features, bugs, and implications for global businesses. This episode is hosted by Jason Wincuinas, senior editor, Asia, at The Economist Intelligence Unit. Hosted on Acast. See acast.com/privacy for more information.