China's Digital Yuan with Robert Greene

<p>In this episode of Interpreting India, <a href="https://carnegieendowment.org/experts/1832">Robert Greene</a> joins <a href="https://carnegieindia.org/experts/2101">Priyadarshini D.</a> to explore the use and impact of China’s digital yuan. What's China's motivation behind its e-CNY? How does it work? What are some of the domestic and international implications of its rollout? </p><p>The digital yuan is a centralized, cash-like digital currency. The People’s Bank of China (PBOC)--the Chinese central bank--and digital yuan operating institutions, which includes some of the largest state owned banks and tech giants like Alibaba and Tencent, have conducted large scale pilot programs in multiple cities over the past year. The 2022 Winter Olympics in Beijing, in February, was originally planned as the grand international debut for the digital yuan. Those plans, however, went sideways with another outbreak of the COVID-19 pandemic.</p><p>Of all the current CBDC pilots, the digital yuan elicits significant interest, given China's economic heft and geopolitical ambitions. In this episode of Interpreting India, we will delve into the debate surrounding China’s digital yuan. </p><p>--</p><p><strong>Episode Contributors</strong></p><p><a href="https://carnegieendowment.org/experts/1832" target="_blank">Robert Greene</a> is a nonresident scholar at the Carnegie Endowment for International Peace’s Cyber Policy Initiative and Asia Program. His work focuses on Chinese financial sector trends and on topics at the nexus of cyberspace governance, global finance, and national security. He has worked extensively on the global implications of China’s centrally backed digital currency. Robert is also the vice president and chief of staff at Patomak Global Partners, a financial services consultancy, </p><p><a href="https://carnegieindia.org/experts/2101" target="_blank">Priyadarshini D.</a> is an associate fellow with the Technology and Society Program at Carnegie India. She is interested in researching emerging issues at the inters