China has convinced financial policy makers everywhere of its resolve to create a digital version of its currency, even helping to spur the Federal Reserve to study developing an electronic version of the dollar.
The tougher battle might be persuading China’s consumers that they need the digital yuan, known officially as e-CNY.
Authorities borrowing was increased than anticipated and customers tightened their belts, spending lower than anticipated, official figures present. Authorities borrowing…
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