Financial Services

Podcast | RMB to CBDC: Implications of China's digital currency

August 11, 2020

Global

RMB to CBDC: Implications of China's digital currency

August 11, 2020

Global
Jason Wincuinas

Manager, Policy and insights

Based in Hong Kong, Jason covers Asia from Australia to India. His background includes managing publications, financial reporting and technical marketing as well as a decade of product-sourcing experience with mainland China factories. Some of his most formative work, however, has been as a stay-at-home dad and freelance writer, covering topics from perfluorocarbons to popcorn. Jason received a BA in English from the University of Massachusetts, Amherst with study at the University of Sheffield in Yorkshire, UK.

RMB to CBDC: Implications of China's digital currency

China is developing an all-digital currency. Could it completely replace the paper RMB? Could it compete with the dollar for global interoperability and dominance? The EIU speaks with Andrew Work, co-founder of The Lion Rock Institute, about his recent report on a digital Yuan and how a Central Bank Digital Currency (CBDC) even works—including features, bugs, and implications for global businesses. 

This episode is hosted by Jason Wincuinas, senior editor, Asia, at The Economist Intelligence Unit.

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