They can tokenize their currency if they want to. Most of the trend that China sees an advantage to it, they're also stepping in so that they won't be that late to the party.
This is why cryptocurrencies are meant to free (not free in price or giveaway) because everyone can use it.
Do you know why they want to create such cryptocurrency, which is not really cryptocurrency?
To track chinese people. China is well known for their spy activities.

Good food for the thought, same as Libra?