Digital Renminbi Accumulates Near 7 Trillion Yuan in Transactions, Supporting Digital Economy Reform
Publication Time:2024-09-05 16:01:07
Recently, the People's Bank of China revealed that since the launch of the digital renminbi project, the cumulative transaction amount has approached 7 trillion yuan. This achievement marks significant progress made by China in promoting the issuance and operation of a new digital renminbi system. The system aims to comprehensively reform and promote the development of China's digital economy, expand the coverage of inclusive finance, and optimize the efficiency of currency and payment systems. After more than six years of research and development and over four years of pilot stages, the digital renminbi has not only verified its feasibility and reliability in theoretical, business, and technical aspects but also strives to better integrate with the digital economy. Currently, overall progress is smooth, demonstrating an effective improvement in the compatibility between digital renminbi and the digital economy.
Digital Economy
Digital Renminbi
Transaction Amount
Reform
payment system