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China sets out world domination plan for its digital currency


" ... gives China the chance to reach its goal of challenging the US near-monopoly, because China has a first-mover advantage ..."

In theory. In reality China has aimed for being the worlds export manufacturer of every basic item - for which a cheaper reminbi is essential. So China keeps buying US Treasury bonds as a sink for their mountain of US dollars, to keep the supply of dollars down, and so raise the dollars value relative to the reminbi.

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