China: Changsu city to pay public sector workers entirely in digital yuan
As part of a new phase in promoting China’s currency, the Chinese city of Changsu in Jiangsu province has confirmed it will start paying its public sector employees entirely in digital yuan, Asia Nikkei reports.
China Rattles Markets With Yuan Devaluation
China devalued the yuan by the most in two decades, a move that rippled through global markets as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy, Bloomberg reported.
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