China's passive digital currency will apparently bear "similarity" with Facebook's own cryptocurrency, and aims to protect China's 'financial independence', according to a senior at China's central bank.
I think this coin will be different from those issued by Facebook because cryptocurrency issued by the Chinese government is guaranteed by the government directly and is also used domestically. Libra coins are more global in nature but are issued by private parties which can disrupt the existence of the government in the monetary sector