China is pressing ahead with efforts to expand the use of its digital yuan despite signs that public adoption remains limited, highlighting the gap between policy ambition and everyday consumer behavior. More than a month after the central bank upgraded the digital currency’s
A Community Comes Together on a Food Street A quiet food street near Fujian Normal University in the southeastern Chinese city of Fuzhou became the scene of an extraordinary act of solidarity earlier this month. Local street food vendors decided to donate an
China’s digital payment ecosystem has undergone a remarkable transformation over the past decade, evolving from mobile wallet adoption to sophisticated state-backed digital currency platforms. The shift has reshaped consumer behavior, financial infrastructure, and enterprise operations, positioning China as a global leader in digital
