Digital currency focus: China's yuan is a first for a major economy - expert insights

Professor Sarah Hall of the University of Nottingham is a specialist in the changing nature of international financial centres. She spoke to Jackie Cameron, of BizNews, about the digital yuan. China has created its own digital currency, a first for a major economy. Digitised money looks like a potential macroeconomic dream tool for the issuing government, usable to track people’s spending in real time, speed relief to disaster victims or flag criminal activity, says BizNews Premium partner The Wall Street Journal. There are concerns that, Beijing stands to gain vast new powers to tighten President Xi Jinping’s authoritarian rule.  Learn more about your ad choices. Visit megaphone.fm/adchoices