Uploaded November 2022 | Updated September 2026, 3 weeks ago
China’s central bank digital currency is part of a broader push by Beijing to establish global leadership in digital payments, assert independence from US power, and intensify control over Chinese society. America should be proactive in shaping the future of the digital economy. It must act to determine the appropriate role for digital currencies within the economy and prevent China’s digital currency from undermining American influence or threatening individual freedoms and human rights.
For more information, visit the PolicyEd page here: policyed.org/policy-stories/dilemma-chinas-digital-currency/video
Additional resources:
Watch “Cross-Disciplinary Group of Experts Discusses New Hoover Report On China’s Central Bank Digital Currency.” Available here: hoover.org/news/cross-disciplinary-group-experts-discusses-new-hoover-report-chinas-central-bank-digital.
Read “Digital Currencies: The US, China, and the World at a Crossroads,” edited by Darrell Duffie and Elizabeth Economy. Available here: hoover.org/research/digital-currencies-us-china-and-world-crossroads.
Read “What China Wants,” by Larry Diamond and Glenn Tiffert. Available here: americanpurpose.com/articles/what-china-wants.
Read “What Putin Fears Most,” by Robert Person and Michael McFaul. Available here: journalofdemocracy.org/articles/what-putin-fears-most.
Watch “How Cyber Attacks Threaten Our Security,” on PolicyEd. Available here:
policyed.org/intellections/how-cyber-attacks-threaten-our-security/video.
- Subscribe to PolicyEd’s YouTube channel: bit.ly/PolicyEdSub.
- Follow PolicyEd on Twitter: bit.ly/PolicyEdTwit.
- Follow PolicyEd on Instagram: bit.ly/PolicyEdInsta.
China’s central bank digital currency is part of a broader push by Beijing to establish global leadership in digital payments, assert independence from US power, and intensify control over Chinese society. America should be proactive in shaping the future of the digital economy. It must act to determine the appropriate role for digital currencies within the economy and prevent China’s digital currency from undermining American influence or threatening individual freedoms and human rights.
For more information, visit the PolicyEd page here: policyed.org/policy-stories/dilemma-chinas-digital-currency/video
Additional resources:
Watch “Cross-Disciplinary Group of Experts Discusses New Hoover Report On China’s Central Bank Digital Currency.” Available here: hoover.org/news/cross-disciplinary-group-experts-discusses-new-hoover-report-chinas-central-bank-digital.
Read “Digital Currencies: The US, China, and the World at a Crossroads,” edited by Darrell Duffie and Elizabeth Economy. Available here: hoover.org/research/digital-currencies-us-china-and-world-crossroads.
Read “What China Wants,” by Larry Diamond and Glenn Tiffert. Available here: americanpurpose.com/articles/what-china-wants.
Read “What Putin Fears Most,” by Robert Person and Michael McFaul. Available here: journalofdemocracy.org/articles/what-putin-fears-most.
Watch “How Cyber Attacks Threaten Our Security,” on PolicyEd. Available here:
policyed.org/intellections/how-cyber-attacks-threaten-our-security/video.
- Subscribe to PolicyEd’s YouTube channel: bit.ly/PolicyEdSub.
- Follow PolicyEd on Twitter: bit.ly/PolicyEdTwit.
- Follow PolicyEd on Instagram: bit.ly/PolicyEdInsta.
