Finance & economics | China’s financial system

The digital yuan offers China a way to dodge the dollar

In Beijing, officials are preparing for conflict

People's Liberation Army soldiers stand in front of the People's Bank of China (PBOC) in Beijing, China, on Monday, Dec. 13, 2021. Economists predict China will start adding fiscal stimulus in early 2022 after the countrys top officials said their key goals for the coming year include counteracting growth pressures and stabilizing the economy. Photographer: Andrea Verdelli/Bloomberg via Getty Images
|HONG KONG AND SHANGHAI

In recent military drills, China has simulated an invasion of Taiwan, which it considers a “renegade province”. Talk of war has preoccupied Chinese bloggers, pundits and politicians since Nancy Pelosi, speaker of America’s House of Representatives, visited Taipei in August.

This article appeared in the Finance & economics section of the print edition under the headline “Dodging the dollar”

Can Liz Truss fix Britain?

From the September 10th 2022 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Finance & economics

China meets its official growth target. Not everyone is convinced

For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s

Ethiopia's Prime Minister Abiy Ahmed speaks during the launch of the Ethiopian Securities Exchange in Addis Ababa, Ethiopia, on January 10th 2025

Ethiopia gets a stockmarket. Now it just needs some firms to list

The country is no longer the most populous without a bourse


Shibuya crossing in Tokyo, Japan

Are big cities overrated?

New economic research suggests so


Why catastrophe bonds are failing to cover disaster damage 

The innovative form of insurance is reaching its limits

“The Traitors”, a reality TV show, offers a useful economics lesson

It is a finite, sequential, incomplete information game

Will Donald Trump unleash Wall Street?

Bankers have plenty of reason to be hopeful