{"id":1962,"date":"2019-09-26T08:01:24","date_gmt":"2019-09-26T05:01:24","guid":{"rendered":"https:\/\/solanteq.web-design.ee\/?p=1962"},"modified":"2025-10-15T15:05:21","modified_gmt":"2025-10-15T12:05:21","slug":"chinas-big-plan","status":"publish","type":"post","link":"https:\/\/solanteq.com\/fr\/chinas-big-plan\/","title":{"rendered":"China\u2019s big plan"},"content":{"rendered":"

[vc_row full_width=\u00a0\u00bbstretch_row\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1750151716804{background-image: url(https:\/\/solanteq.com\/wp-content\/uploads\/2025\/06\/612fc3a318bf70826aa97922d2ef1b6b1.jpg?id=2523) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}\u00a0\u00bb][vc_column el_class=\u00a0\u00bbser-darken\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb80px\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbChina\u2019s big plan\u00a0\u00bb font_container=\u00a0\u00bbtag:h1|font_size:64px|text_align:left|color:%23FFFFFF|line_height:84px\u00a0\u00bb use_theme_fonts=\u00a0\u00bbyes\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1750060805975{margin-bottom: 0px !important;margin-left: -5px !important;}\u00a0\u00bb el_class=\u00a0\u00bbheading-big\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb80px\u00a0\u00bb][\/vc_column][\/vc_row][vc_row full_width=\u00a0\u00bbstretch_row\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1749741235049{background-color: #434D59 !important;}\u00a0\u00bb el_class=\u00a0\u00bbpost-row-single\u00a0\u00bb][vc_column][vc_empty_space height=\u00a0\u00bb40px\u00a0\u00bb][vc_column_text css=\u00a0\u00bb\u00a0\u00bb]The People\u2019s Bank of China (PBOC) is preparing to become the first major central bank to issue a digital version of its currency \u2014 the yuan, seeking to be abreast with and in control of an evolving economy.<\/p>\n

Unlike cryptocurrencies such as Bitcoin, payments with the digital yuan will not be totally anonymous, and its value will be as stable as the physical yuan.<\/p>\n

WHY IS THE CENTRAL BANK DOING IT?<\/h2>\n

There are important regulatory and political considerations why implementing a digital currency in China today, when electronic payment methods are so developed, may be advantageous.<\/p>\n

The release of the currency would help to protect the country\u2019s monetary sovereignty and legal currency status.<\/p>\n

THE DIGITAL YUAN WOULD BE AS SAFE AS BANKNOTES ISSUED BY THE CENTRAL BANK<\/h2>\n

It can also be used with China\u2019s major platforms WeChat and Alipay. And the advantage of the currency issued by the central bank over the currencies of these platforms is that the digital yuan is guaranteed by the country\u2019s authorities, so there is no risk of users losing money in the event that WeChat or Alipay announce bankruptcy.<\/p>\n

Facebook\u2019s cryptocurrency, the Libra, may be another reason for the launch of the digital yuan. The Libra, tied to fiat currencies, could disrupt the efforts made by the country\u2019s authorities regarding capital controls.<\/p>\n

NOT A CRYPTOCURRENCY?<\/h2>\n

Bearing some similarities to Facebook\u2019s Libra, the digital yuan is another project which cannot be truly considered as a cryptocurrency.<\/p>\n

To verify and record transactions, cryptocurrencies use decentralized, online ledgers known as blockchain, supporting anonymous transfers without the necessity for a central bank. The digital yuan will more akin to a centralized digital currency. It is more precise to say that the People\u2019s Bank of China is planning to issue a digital currency which will be under a higher-level of control.<\/p>\n

THE TOKENS WILL REPLACE CHINA\u2019S NOTES AND COINS CURRENTLY IN CIRCULATION, AND CAN BE USED EVEN WITHOUT AN INTERNET CONNECTION<\/b><\/span><\/p>\n

Time will show how successfully the new currency competes with existing solutions like Alipay or WeChat Pay, considering the current retail payment system in China. It appears that the PBOC digital wallet will be just a wallet, while the existing Alipay and WeChat Pay are deeply integrated into the entire social media world, and used for e-commerce, advertising, paying bills and other purposes.[\/vc_column_text][vc_empty_space height=\u00a0\u00bb40px\u00a0\u00bb][\/vc_column][\/vc_row][vc_row full_width=\u00a0\u00bbstretch_row\u00a0\u00bb equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1748342848647{margin-bottom: -40px !important;padding-top: 30px !important;padding-bottom: 30px !important;background-color: #E8432D !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb1\/6″ css=\u00a0\u00bb.vc_custom_1748443670093{border-color: #FFFFFF !important;}\u00a0\u00bb el_class=\u00a0\u00bbbenefit-icon-col\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb30px\u00a0\u00bb el_class=\u00a0\u00bbmobile-off\u00a0\u00bb][vc_single_image image=\u00a0\u00bb507″ img_size=\u00a0\u00bbfull\u00a0\u00bb alignment=\u00a0\u00bbcenter\u00a0\u00bb css=\u00a0\u00bb\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb30px\u00a0\u00bb el_class=\u00a0\u00bbmobile-off\u00a0\u00bb][\/vc_column][vc_column width=\u00a0\u00bb5\/6″ el_class=\u00a0\u00bbbenefit-content-col\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbSOLAR Transaction Processing Suite for your business to shine\u00a0\u00bb font_container=\u00a0\u00bbtag:h3|font_size:32px|text_align:left|color:%23FFFFFF|line_height:34px\u00a0\u00bb use_theme_fonts=\u00a0\u00bbyes\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1748964410636{margin-bottom: 10px !important;}\u00a0\u00bb el_class=\u00a0\u00bbweight-regular\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb30px\u00a0\u00bb][vc_btn title=\u00a0\u00bbGet in touch\u00a0\u00bb style=\u00a0\u00bbcustom\u00a0\u00bb custom_background=\u00a0\u00bb#E8432D\u00a0\u00bb custom_text=\u00a0\u00bb#FFFFFF\u00a0\u00bb shape=\u00a0\u00bbround\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb align=\u00a0\u00bbleft\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1749727141010{margin-bottom: 0px !important;border-color: #FFFFFF !important;}\u00a0\u00bb link=\u00a0\u00bburl:%23″ el_class=\u00a0\u00bbbutton-red-bg popmake-1550″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The bank of the future: what does it look like? What trends are shaping the advancement of the banking sector?<\/p>\n","protected":false},"author":3,"featured_media":2524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,21],"tags":[],"class_list":["post-1962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-fr","category-news-fr"],"_links":{"self":[{"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/posts\/1962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/comments?post=1962"}],"version-history":[{"count":3,"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/posts\/1962\/revisions"}],"predecessor-version":[{"id":2526,"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/posts\/1962\/revisions\/2526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/media\/2524"}],"wp:attachment":[{"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/media?parent=1962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/categories?post=1962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanteq.com\/fr\/wp-json\/wp\/v2\/tags?post=1962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}