Quotable quotes from Boao Forum
chinadaily.com.cn |
Updated: 2021-04-21 06:40
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Zhou Xiaochuan, former governor of the People's Bank of China
Zhou stressed that both digital currencies and digital assets should closely serve the real economy, which is a substantial consideration in China's financial regulatory policy creation.
The development of the digital yuan initially targets China's vast retail market of 1.4 billion people. "We hope to offer the public a more convenient and effective payment method via technological progress."
Speaking of the use of central bank digital currencies in cross-border payments, Zhou highlighted its complexity as every country needs to ensure its monetary sovereignty.
