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China rolls out digital yuan in Shenzhen ahead of Xi Jinping’s visit for 40th anniversary of special economic zone – NEWS.com.au

China rolls out digital yuan in Shenzhen ahead of Xi Jinping’s visit for 40th anniversary of special economic zone

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Up to 50,000 Chinese citizens in the countrys equivalent of Silicon Valley have woken up to money in their accounts after the government distributed more than $2 million worth of its new digital currency.The new money comes ahead of China’s leader Xi Jinping visiting emerging tech hub Shenzhen for celebrations marking the 40th anniversary of the city becoming the country’s first special economic zone in 1980 as the emerging global superpower began to open up to the rest of the world, and is the …

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