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 tax...