China is trying to be a good place for investments

China's Ministry of Commerce has officially announced that it intends to implement the country's national digital currency pilot program in major Chinese cities, including Beijing. The announcement of this ministry states: The Renminbi Digital Pilot Project (the renminbi is the official currency of China) has been completed with the realization of favorable conditions in cities and regions such as Beijing, Tianjin, Hebei, the Yangtze River Delta, the Guangdong-Hong Kong-Macao Bay region and other central and western regions. The announcement goes on to say that the People's Bank of China is leading the digital yuan project. It is unknown at this time what he will do after leaving the post, but policies are expected to be completed by the end of this year. Earlier this year, China's central bank announced the launch of a "digital currency / electronic payment" project in four cities: Shenzhen, Suzhou, Chengdu and Xi'an. Recently, Didi, China's smart taxi request service, announced a joint venture agreement with the Central Bank of China's Foreign Exchange Research Institute. As it turns out, the use of Chinese digital currency in this service is going to be tested. The Bank of China has been researching and developing its digital currency project since 2014, however, no official date has been set for the launch of the project. The Chinese Ministry of Commerce has stated that the government's technological efforts pursue a fundamental goal and that is nothing but to upgrade and improve China's economy.