January 12, 2022
China's Digital Currency and Authoritarianism
China is the first major economy to develop and implement a central bank digital currency (CBDC). Its CBDC has many names: Digital Currency/Electronic Payment (DCEP), the digital yuan or renminbi, and electronic Chinese yuan (eCNY).
A new video explainer from CNAS explores how Beijing’s CBDC efforts will have critical ramifications for the Chinese Communist Party’s digital authoritarianism. As China is in a national blitz to digitize its entire economy, it is strengthening its hand for domestic social control while also influencing financial technology innovation in the global financial system.
To find out more about the ground truths of China’s CBDC, you can read the January 2021 CNAS report: China’s Digital Currency: Adding Financial Data to Digital Authoritarianism.
Learn More
Energy, Economics & Security
China’s Digital Currency
China is pushing aggressively to be a global leader in financial technology....
Energy, Economics & Security
China Is Making Smart Money
As a U.S. national security matter, China’s progress in the digital renminbi is more about China’s ambition to harness data than it is about advancing its currency....
Energy, Economics & Security
The Promises and Perils of Central Bank Digital Currencies
Chairman Himes, Ranking Member Barr, the distinguished members of the subcommittee, and my fellow panelists, it is an honor to participate in today’s hearing. Please allow me ...
More from CNAS
-
Video
Indo-Pacific Security / Energy, Economics & Security
Trump Unfriends Modi's India: Trump Frothing, India CalmFrom tariffs to tantrums-Trump's latest anti-India tirade stirs global concern. As Washington watches in disbelief, Shiv Aroor discusses what this "break-up" means for India-U...
By Daniel Silverberg
-
Commentary
Indo-Pacific Security / Energy, Economics & Security / Technology & National Security
Selling AI Chips Won’t Keep China Hooked on U.S. TechnologyU.S. policy should not rest on the illusion that selling chips can trap China inside the American tech ecosystem....
By Janet Egan
-
Commentary
Energy, Economics & Security / Technology & National Security
What the U.S.-EU $40 Billion Chip Deal MeansThe U.S.-EU framework exemplifies a recurring challenge in modern trade diplomacy: the tension between political symbolism and operational substance....
By Pablo Chavez
-
Podcast
Transatlantic Security / Energy, Economics & Security
LISTEN: Why It’s So Hard to Go After Russia’s Oil RevenueEmily Kilcrease, senior fellow and director of the Energy, Economics, and Security Program at the Center for a New American Security, joins the show to talk about secondary ta...
By Emily Kilcrease
