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China is hardening itself for economic war

Beijing is trying to close economic vulnerabilities out of fear of US containment ....

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China's Digital Yuan: An Alternative to the Dollar-Dominated Financial System - Carnegie India - Carnegie Endowment for International Peace

China's Digital Yuan: An Alternative to the Dollar-Dominated Financial System - Carnegie India - Carnegie Endowment for International Peace
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China's Central Bank And Swift Set Up New Joint Venture

China’s Central Bank And Swift Set Up New Joint Venture
Last Updated: 04 February 2021
SWIFT stands one of the most prominent global cross-border payment and financial messaging systems out there. Now, however, SWIFT has opted to expand, doing so through a joint venture with the clearing center and digital currency research institute of China’s central bank. Of course, this makes China’s plans of using its digital yuan on a global scale clear as day, as well.
East And West Coming Together
This new joint venture will be based in Beijing, and will have other notable shareholders within it as well, such as the Payment & Clearing Association of China, as well as the Cross-border Interbank Payment System, or CIPS. Both of these entities are themselves supervised by the People’s Bank of China, or PBOC. ....

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