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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e6S9t\/JgI2xbmdgyBhSpQ5ia4IJRfe4GZ5qe9PzdmYAorzNLEsLSmRIevIX\/ZoXhn2JV8mndtVu+FDDwOSwJRkXEwcPJqjAn042d48vLO1pv81K7eDujZdRCAuHl6jYojhV7VFyVDU8My4hfCH\/tzmCOh2RYyLI0wA+TcnOOZvAkcndzvbcD0GLP8tPjbiFGD0\/i4En7k\/XwC2FIItcz+R25UXa\/luHX+d3Ehban0TxR9gYL7Tc9MDdaBfmKSlgrq6DUTTvhWimuzqZwPpzAqvlb8AN17Cvd4fG44gAAJOu2IjKiApEiY6kJciTACc+VhKbzX3vg74dPejsALPW805qNvzaW\/gXpHXFbm78E+PjdXdy7lvr\/jlt7BNHJTrcBnAyRNg7cOpa008TYc1EXrF75YSi4GAwXToMCcN4MKcn5dA+08Zu2CXNqU1tSOjVjkb1W\/XevVZSi8iQD6ZJnU1xNrpIZNBiaKq04iqvV41usEuLxpudba7Tjefyclf5WmbM0kFfUvoYyLif9AhY6s9bkD4rEu96Qn8TX6Z+BpaTX2t1Wa+dqF8DRN3dXMmtk6Fp2nxbxQ7NoZSv0KmsjPT4\/I4UwmWCNQr8zWS8UABoFMu3IqMHI9IUukA++u3Q6RAJn3ffb3E6HKWA1qgo45QRuL4YximctbOkrHI3emCle6FFalvSuV5RCutATjxZWQ0K6t5\/CSPDRoROIComZBWYjL0m7Eq2n9o8EZHewsNPIdB8pvSii\/9OMzy0Hx2vY6klp+ngp496ZL\/YU3PO963PEXTXwI9nFYu5qhFzUeX8sHMEi4YDmYE8p9KcyhddKIFD63YAgmfIdM5cUQPTejepGBCyOs471ZpmTgTvdleyV7ojsldDHkVxRNr4YNH7vvGXDpUd13q2V+oFOKUEyJZQNgvm0w3G86gKAK3MgZbPMa3wvnu4MMTahX92XT9YofHUO5TNgacruvHladtvrJyC3kwUagLm3z0JTGtOxAikaSHvudE8Mc2wcyKsgtOjyHkU2uVqqjn32+9mVgW8Gf22sf33oTqFtZhrpOzr793j\/DWSBcOo0Y45\/8YBAQXuWPAw\/Lktn\/Lep+2WpgrTNzN6Q04ThYgnKLbi92J35T0MBsG8UXw21ZnbOU3+jIkjogMvyhvJIt8++\/xdtJoMCpCCJYWRjPJJVwtz09cx\/z\/An8D1ipR0TADIWmOCf9SJqn5yko25QvGsOOhJy2qJB38oAwCY+cJCXHbi3x6unit3kawsFJpnElv9+VNXhbaUlBBrA1iKe7I8HogzZ4pjRBly2vE4XgtfRGGsZn8801pp5RQJIOfleX8v+MUq10dWiFxpc0xJhFQ9FAY1gY3+EHMrk44dtXfBv12uD1hyQ1UVIR1DdUweJPciTvT0n1mjC+UFibU3BKtLsU5qnVGpMlFGr4\/4H0nFALgga7s6IuvDUZnIIshkbByqMJHwRc8g5Q\/siKB+BmG98pUsky7dMwiNp4Vdk3lVqlY+o1YMI1wi53cYdgdCjazdbhNjsWx4ZTdZrazyhJ8dPRphj6iINZCKmjdh3ZWpLhevyoK5TPWeUbfeOQfRmj\/wJQvPjhWW35w6R2bIX41zLxu61NptIyW9nNKRm3c6KJmoRFd7IBSAD2FWM+W2RN3nduVSj6cKHkmWaupqGeuA\/oYqzXDCZsUiHmolPe\/Qx3rZGtxhAvwdLoREdyRHMffN6rnPjZ1NL65EGlWnbCTlzK0zztePRSIkl7Gmu2hf03PtorXkZ9SWdDBSrMS1EZ10HlCcF4Nn\/7h0x6LRiZbq56OgaZAHebKLwXKsnpiCY7an3HEm7A1Oz7xkeMWQ4+X1\/xvdRsBTzoq4i3Tt+436RfDZzMyRzcRGfWN2HVjeKuRK6tgaKrIRnlh+cY4NtPyi3hqSY24sxTPGi6Ognv8C7m63uKmo\/h1EM7xbqXue4mF+WPCbMW40AlOTywbi8Bo3fMHH13hSYOyl3HmcZ+MEhcqK7wIY3i1\/jcPGutctiGdPiY92BmvxUpa6\/ZXPulagKzTMZiKjDCIK9MzU2NGOr7cmq2xIsGXREarlm\/viiQGL6ZGp66bwsfPVGpwLPNISMi+2+vzv8LJ7NayY+4qa6EuwseWc\/O2EBBl5FSQuFvKHKNAM7zvSFGOc+SZnAfDUbQ+Rt3NtAUldS7ETvVtGjtClOo4puwJcE2NBC\/6p2xTZwfYkurYBGtMMHPdqi0w62oHW5RWICXX6XQD56D1Ma8v\/gOMHc2PHSep+To5C9y0m528R7CBTYD4lf4k5I9ryFZGAFmrVYSXjuWmEKYRCi5NnFsb5VC5pzUuCVmW0a8sNRt3Srb+fS5nDdPhyXWc5+8JJ2ooPy5AafwYl28uG\/FzumF2ytTyQeIPbg+DwiZeSMjI8O55TCjr0jHfz6fj9hE4ZubfNglN0ley4iPpf7GKSXCpvF+akCk0HQEvNs4hSU2EsF9xz4fl22N7Gz7jjEMP8G+P6tK9C+u3lPjpD5gBqXZRkiizI9jrh9UcqcsDIJARjt5Wbl0wTO6\/FGCLgVne85\/u4YtX3WL3qORNO0ZNGdAhx1jYB8fYJx1esYzDnJBlb3N8ENqnEy+aHcSeCUeWIlwNxMdeTS7XpDR1ailkOE007NJ\/fc233ZD36cNxTAYCbxBAI1pZufYDov5iobzGsiQt5IFW\/iNg4Vn6q6qsgYmeSYwX61U6FOb0Oc4Zn09fE+Zx32YEXSrt3SzOmdLv+lwHnC\/S2JjItp\/NpzpY+JWK5DbJKSc2lo674hT6Jtb87Km4t3mqWYm5R3DcMbXl5b32QO6fUMhMcbEKGRGfESTYHSBC3DUrbe9Mlh5uGlLLvXIse9sy4N77j9s7oani3Vt6aRF2TTOVUvAM1fIgg5pwp9ldFi6v7i5EJj+0+VoAYs3+\/E1J8kT0l4c84qvvZXKLXkrHWnl9JHuBhTTnMya5CDIkKOipgYGOOAp2JNu+N7OgsKKcY6is46PlnHk6IsB18aO+i5ixdIOCwmaUkjulaYbbImMcJPR\/d7odhAACHke1mTi8Sr5Lx1exb9v9jsovQZCirjdSmq9AqW0ZqfVIrUrZuOrGzGVMRpZfbBkCwf0pDRm0EP3vnSHyyL3vyyE5Z82nbU\/A1NZqM4hSfW5Vm90EZzvKuiD9tJPTNXhuvSvN1aHG6ASA3e49DpLzK168vVTU\/NNvzGM+xwdiCz\/ZMKI9BW+Cz0lrenKbg20LmcEzMnMat1\/XPX7PDsV\/cB8MtiG+WCWg2h1y1qeYclBVW3fkYJeaqykCb+teo6vet9tfrdNCnf5REocPu+P65rSyt1KeJeSY1ngMEgkwgakAKyi0hmxg51deaO96KWcvQzZT\/c951CaL7PaeBEHonGdGuRD0fdMwVPIwdudMoirQW5peFevs4WGCY4JgJ4A4WsQHAdiBXx07\/Ixe6+raJ7hzil+jAQbJ9gysOfxjoW4A0ZaxDnxXausEZMhZu+20Yom0feAFL8+I1OmPBsRXeMiq+Wf3hjsR0t+c11Cok1sOHI9O+Mn0RlqiuFobOKywkALiCyTOEAR9vTWtavVI1g0EycHKUYWn7SJ5P4wpYnGia8I+Acd\/QnusKBa7V+rF7sy2f\/NnSufj5Y71lsEd3rXgle3Xb4+rz\/jqmDHlwVAdwQtlHuDISpImEILP\/XU4Y8KRbFvuF0dCjDGYCVNgGBIA15XEDzAj2Og62exvIbZ5FND2uzbB7hcHjrUjQVPK\/F4v\/tvgzfrElDQ5M3tYgu1+JpyM7bLkq\/7viu2r7DrX5+x0S7wSmVPWl0w1bJ\/hZlqcx6ufP3lYZnb2VsgZONz6lC2NpC2IaJ6lPHvwpvWcfFaQYUByQVN11MlH6LzdtwtQo5L1kf9VHb8p\/hlL614PZ9dp5XenwMRUECPQ7ffm8WMS\/fuElqpo8bD\/U1TrA5hOvwjrnTFc9j\/yoQcgSKDRs8gx0xVxomCIphi9\/\/UFP2uvDe6JmtrejVVy3rrUaEbiVBAjCfRfE0cLAGmgMdz\/nOagJ6d+uqhAQ3cO\/bHYsztlvNW0myAkuKj1iIqh1yxGJSQrS3Fw2aB2NoMMIx3dfJs0e\/L73AFGDlwgQW\/PrH5kamBE9PbQB6VeWSxkJPMT3pfTe0My8efG8kRyUz3uC0z5S+9U7U0WAw4mXHcN3C0EfykFoFYMDhltI7DaxWtgl\/yxf1sOJP8nDzU3ihaJyYoBCmKEw7W3nWM2Mkr6NjKMA7hcgfYrzJnUYw+ZRSBubsii609l+7ZWG1++IzshhVzkUEO","iv":"b1738c380b4a1349aec372fde597fa1b","s":"def380c2bb368e22"}