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":"1510e32535b4bf1cc5679b036e650b5e","s":"bbce52be4e05395d"}