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The History of Central Bank Digital Currency development

#Banking#China e-Commerce#TMT#FinTech China Insights#Currencies#Technology#Capital Markets#Telecommunication

preview: executive summary

China is arguably leading the world in developing a national digital currency. The People’s Bank of China (PBOC) has been spearheading work on the digital yuan, a so-called central bank digital currency (CBDC) that aims to replace some of the cash in circulation.

In this case study, we will:
- Identify the 3 major leaders and stakeholders of the Central Bank in China
- Understand the transformation of China's digital currency
- Understand China’s monetary policies and technical terms
- Enhance Business mandarin pronunciation

You will be able to prepare your product launch of digital currency with this case study.

preview: key point

The key point and your take-away from this case study 'The History of Central Bank Digital Currency development'. Your learning combines both language skills and market knowledge.

ˉ ˊ ˋ ˋ ˋ ˋ

央行数字货币

yāngháng shùzì huòbì

central bank digital currency

是

shì

ˊ ˋ ˋ

国务院

Guówùyuàn

PRC State Council

ˉ ˇ

批准

pī zhǔn

to approve

ˉ ˊ

发行

fā xíng

issue; publish;

的

of; ’s

ˇ ˋ

法定

fǎ dìng

legal; statutory; rightful

ˋ ˋ ˋ ˋ

数字货币

shùzì huòbì

digital currency

。

preview: learning exercises

Active learning will accelerate your skills, and your study of 'The History of Central Bank Digital Currency development'. Each exercise is designed to promote and strenthen your language skills. Login Required.