Story perspectives

China's Digital Yuan Pilot Aims to Boost Global Trade

12/25/2025

Center

Beijing Advances Digital Yuan

Beijing launches a cross-border payment pilot with Singapore using the digital yuan as part of a broader plan for the New International Land-Sea Trade Corridor.
The People's Bank of China aims to raise the yuan's international profile amid U.S. trade tensions, as cross-border transactions reach 13 trillion yuan in 2025.
In Oklahoma, lawmakers scrutinize Chinese influence in the marijuana industry and seek foreign agent disclosure.

Right

China Boosts State Enterprises

China plans to enhance state-owned enterprises in 2026 by upgrading traditional industries.
State-owned Assets Supervision and Administration Commission (SASAC) aims to boost growth through investments in new energy, electric vehicles, and quantum technology.
Central state-owned enterprises will digitize and shift toward integrated manufacturing and services.
China Changan Automobile Group will prioritize electrification and smart systems in its operations.

History

Historical Context

Launched in 2013, China's Belt and Road Initiative (BRI) aims to enhance global trade through infrastructure development across 68 countries. The New International Land-Sea Trade Corridor, initiated in 2021, connects Chongqing to 190 ports worldwide, facilitating cross-border transactions projected to reach 13 trillion yuan by 2025. This strategy seeks to elevate the digital yuan's status amid rising U.S.-China trade tensions.

1 of 3

Beijing Advances Digital Yuan

Beijing launches a cross-border payment pilot with Singapore using the digital yuan as part of a broader plan for the New International Land-Sea Trade Corridor.
The People's Bank of China aims to raise the yuan's international profile amid U.S. trade tensions, as cross-border transactions reach 13 trillion yuan in 2025.
In Oklahoma, lawmakers scrutinize Chinese influence in the marijuana industry and seek foreign agent disclosure.

1 / 3