The currencies of China's trading partners have weakened faster than the yuan recently, eroding the country's export competitiveness and hampering its recovery

Total e-CNY transactions hit 950 million but the digital currency only accounted for 0.16% of China's cash in circulation at the end of last month

Central banks from Hong Kong, Thailand, China and the UAE issued CBDCs worth $12m on BIS’ mBridge platform to test cross-border transfers to and from commercial banks and foreign exchanges

China will respect privacy and protect personal information in using digital yuan, Mu Changchun, director-general of the central bank's Digital Currency Research Institute said