
Image credit: Rin Rothback/CNAS
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
China’s Digital Currency
China is pushing aggressively to be a global leader in financial technology....
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....
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
-
The Chatter Podcast: Financial Intelligence, Fact and Fiction with Yaya Fanusie
David Priess spoke with Yaya Fanusie, CNAS Adjunct Senior Fellow, about his path to the CIA and NCTC, what analytic work on international economics and financial intelligence ...
By Yaya J. Fanusie
-
On LNG, Canada Turned Away Germany, Then Japan—This Country Cannot Keep Doing That
Canada has an opportunity to insist producers invest in the cleanest LNG supplies...
By Rachel Ziemba & Leslie Palti-Guzman
-
Isn’t That Stuff Just for Criminals?
Host Sheila Warren speaks with two of the foremost experts on cyrptocurrency, Dr. Marcus Pleyer, the former president of the Financial Action Task Force and now the deputy dir...
By Yaya J. Fanusie
-
Iranian Netizens Promote #Unity to Save Protesters From Execution
Rachel Ziemba, an Adjunct Senior Fellow, of the Energy, Economics, & Security Program discusses why petrochemicals are so important for Iran as the US toughens sanctions o...
By Rachel Ziemba