SHANGHAI - China is using the digital yuan to stimulate consumption in its pandemic-hit economy, with more e-CNY applications expected in future to boost transparency and effectiveness of government policies. The southern city of Shenzhen started distributing 30 million yuan ($6 million) worth of free digital cash on Monday (May 30) to revive consumption and aid businesses. It comes days.
SHANGHAI (Reuters) - China is using the digital yuan to stimulate consumption in its pandemic-hit economy, with more e-CNY applications expected in fu.