Is China’s Central Bank Digital Currency a threat to the USD? - Pascal’s China Lens week 39

Title: Is China’s Central Bank Digital Currency a threat to the USD? Website: CONTENT. This video explains how China is getting ready to launch their Central Banks Digital Currency called DCEP as one of the first in the world. It is aimed at solving internal issues such as monetary policies, inclusion, transaction convenience and also criminal control; but it also will have external implications for America to put sanctions with USD on China. Most important, international trade will start favouring DCEP from China in cross-border transactions as it will be cheaper, faster and more independent than using the USD. TRANSCRIPT so we’re always talking about this war between US and China whether it’s an AI war or a space race or semiconductors or military i mean there’s all these tensions but i think the real possibility of a true war between China and America is actually going to be about money it’s going to be about finance paper money.