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China’s Digital Yuan Will Be ‘Backup’ to Alipay, WeChat, Says PBOC

In order to support the retail payment system, the central bank has to step up its own digital yuan.

By Tanzeel Akhtar
Updated Sep 14, 2021, 12:32 p.m. Published Mar 26, 2021, 12:25 p.m.
People's Bank of China's headquarters in Beijing
People's Bank of China's headquarters in Beijing

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