China’s Digital Currency
The launch of China's central bank digital currency is a strategic move to regain control over the payment systems that had rapidly evolved under big tech giants like Alibaba and Tencent. This initiative aims to curb the power of these platforms, ensuring that the Communist Party maintains dominance over monetary transactions while enhancing its surveillance capabilities through a centralized system. The push for this digital currency reflects a desire for control rather than an interest in competing on the global monetary stage.In this clip
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