About This Source - CGTN
This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.
Recent from CGTN:
CGTN published this video item, entitled “Trying out digital currency at China’s consumer products expo” – below is their description.
China has moved quickly in digital currency electronic payment, piloting the new money in several major cities and provinces since last year.
Compared with the widely used WeChat Pay and Alipay, China’s digital yuan is issued by the People’s Bank of China, the central bank, and allows the government to have greater visibility in real-time transactions.
CGTN reporter Wang Tianyu tried out digital currency electronic payment at the China International Consumer Products Expo in south China’s Haikou City. Here’s what it looks like.
Read more: Explainer: How is China’s digital currency different from other e-payments?CGTN YouTube Channel
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