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While the geopolitical focus on China currently revolves around US-China tensions, semiconductors and Covid restrictions, China’s central bank has been silently pushing another project of potentially geopolitical significance. Since 2020, the People’s Bank of China (PBoC) has been conducting trials for a “Central Bank Digital Currency” (CBDC), experimenting with various e-CNY digital payment applications for restaurant, entertainment and public services. However, whether this centralized solution can aid China’s ambitions to influence international payment systems remains in question.
By Experts Table.Briefings
Germany and the other EU states must do more to defend against threats in cyberspace, the EU Commission demands. However, a new strategy remains vague and ambivalent on important issues.
By Eric Bonse
Never before has an undemocratic regime successfully generated such innovation-driven growth as in China. Under Xi Jinping, control over the country and the economy has once again increased significantly. Will economic growth continue under these conditions? Daron Acemoglu, an economist at MIT, is skeptical.
By Experts Table.Briefings