China's digital currency explained
Guide to the Global Economy
•
15m
On this episode of Guide to the Global Economy our in-house digital currency expert, Ananya Kumar, sits down with Josh to talk about China’s central bank digital currency—what the wonks call a CBDC—the e-CNY. While China’s digital yuan is in its “pilot phase,” millions of Chinese citizens have been able to make use of the CBDC in everyday transactions, placing the currency’s development well ahead of the competition. But while retail use of the e-CNY gets quite a bit of attention, big questions remain about the digital currency’s wholesale use—the bank-to-bank transfers that could help sanctioned countries circumvent the international financial system dominated by the dollar. Is the development of e-CNY the next step in “de-dollarization” of international trade? Will the expanded use of CBDCs cut out the banking industry? Your questions answered (and more) in this episode of the Guide.
Up Next in Guide to the Global Economy
-
What's Russia still importing from th...
As G7 leaders gather on Friday, it will come as no surprise that Russia, a former member that got the boot when it invaded Crimea in 2014, will be a major topic of conversation. Neils sits down with Josh on the latest episode of Guide to the Global Economy to chat about G7 countries are still exp...
-
American manufacturing is back, but w...
Surprisingly, US manufacturing has started growing at a faster pace than the rest of the world. But is this because the US is really making more, or because the rest of the world is slowing? And will it stick?
ORIGINAL AIR DATE: 03/10/23
This week, we take you inside the new data, explore the...
-
China's banks survived the SVB collap...
On this episode of Guide to the Global economy, Niels sits down with Josh to fill him in on how China's banks have fared in the past couple of weeks since the collapse of Silicon Valley Bank. The verdict? Not too shabby, according to Niels. It seems like the CCP insulated their financial system q...
