![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](https://cache.luxurydaily.com/wp-content/uploads/2020/09/jing-daily-090120-new.jpg)
How will the digital yuan impact luxury consumption?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments![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](https://cache.luxurydaily.com/wp-content/uploads/2020/09/jing-daily-090120-new.jpg)
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","iv":"89c9cea597168b41a7b1c2f3e357012d","s":"f50c86d8aa9f7983"}