As testing continues on China’s much-anticipated digital currency, how much will this help to internationalize the Renminbi while undermining the US dollar? Image credit: Shutterstock How will the digital yuan impact luxury consumption?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
As testing continues on China’s much-anticipated digital currency, how much will this help to internationalize the Renminbi while undermining the US dollar? Image credit: Shutterstock 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","iv":"af19e62b514246fa52e52711c11e2294","s":"1a1c2a21425b230a"}