China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade?
It all depends upon the trade relations they make globally, they have some great relationship from certain countries and they are investing heavily in certain European countries as well as in Africa and going by that you can already call them one of the most powerful country in the world but coming up with a digital Yuan will not make any changes drastically until there is a huge market for it which are ready to accept it right away.