[Trailer] Digital Yuan Helps China’s Global Currency Ambition | China in Focus

⭕️ Watch the full episode on #EpochTV 👉https://ept.ms/3wnxETY ⭕️ Support the China news you can't find anywhere else. No censorship. Visit our new own platform: EPOCH TV👉 http://epochtv.com/chinainfocus In this special report, we discuss China’s ambition to dominate the global monetary system. The Chinese regime is speeding up its plans for digital currency… Wang Xin ,Director of People’s Bank of China Research Bureau said, “The Digital Renminbi is being tested in many regions in China.” Building a cross-border payment system to push the use of the Chinese yuan for global trade… Zhang Xin, Executive Vice President of CIPS said, “It can be said that it’s a major national weapon,” adding “then we can use data analysis, value-added services, etc., to serve our country’s policy and monitoring purposes.” Deng Di, Tai Cloud CEO said, “Using the blockchain technology, we strike a heavy blow to America’s financial hegemony.” All part of a bigger plan to challenge the U.S. dollar… Di Dongsheng, Chinese academic of international relations April 2020 said, “It’s all about harvesting part of the dollar hegemony. We can’t overthrow the dollar hegemony all at once, but there’s every chance…” And eventually push the Chinese yuan to dominate the global monetary system… Di Dongsheng also said, “You cannot buy masks or ventilators with dollars, but you take the RMB, in China you can immediately get masks and ventilators.” But what will it mean for the world? When transaction data ends up in the hands of an authoritarian regime known for its surveillance state and strict control over its people? Matthew Pottinger, former U.S. Deputy National Security Adviser said at the April 15 US-China Commission hearing: “If you think that the United States has a lot of power through our Treasury sanctions authorities, you ain’t seen nothing yet, That currency can be turned off like a light switch.” Tune into this special report, where we explore how the Chinese regime is forcing its currency onto the global stage —and what risks it could pose to the world economy. --------- ⭕️ Stay tuned for our newsletter👉 https://subscribe.theepochtimes.com/p/?page=emailtemp-cif1 so you won't miss out on our exclusive videos and private events.