Probably not a cryptocurrency rather a plus to Fiat. Though its a positive move from the government of China to create their own digital currency which I know to be an avenue to monitor their citizens all over their transactions. This shouldn't be compare to Bitcoin in any form because they're different.
So just a fiat with some whistle and bell but more monitor from great China PRC. Great, can't wait to have more shackles on my neck! Why we are exited about this, again?