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":"cb76929a1b02ee7aefac8033a6dc5cea","s":"a580e63e281a921d"}