<ul><li>China has developed the Digital Currency Electronic Payment (DCEP), known as the digital yuan, as a central bank digital currency (CBDC) project.</li><li>The digital yuan aims to bring financial inclusion, improve efficiency, enhance security and transparency, and facilitate international trade.</li><li>Pilot programs have been conducted in cities like Shenzhen, Suzhou, and Beijing to test the digital yuan's real-world application.</li><li>While the digital yuan differs from decentralized cryptocurrencies, its implementation could have significant impacts on China's financial operations and global finance.</li></ul>

China's Digital Currency: An Overview

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