As testing continues on China’s much-anticipated digital currency, how much will this help to internationalize the Renminbi while undermining the US dollar? Image credit: Shutterstock
How will the digital yuan impact luxury consumption?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments{"ct":"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","iv":"8aac2c91944f770770db412878c636ca","s":"04a9dc515969f622"}