Post
Topic
Board Economics
Re: Is corona virus crisis changing economical equations around the world?
by
Sithara007
on 30/11/2020, 02:55:41 UTC
In my opinion, in terms of geopolitics, China has benefited from the coronavirus pandemic.  The Chinese took control of the epidemic very quickly. 

Now the Chinese are actively testing the currency of the Central Bank of China (CBDC).  They are actively introducing new financial technologies, as well as artificial intelligence and big data.  China controls most of the Bitcoin and Ethereum hashrate. 

During the Covid-19 pandemic, the collective consciousness of the Chinese proved to be more effective than the individualism of Westerners.

Yes. I have to agree that China fared well, when compared to the other countries in containing the pandemic. But this has nothing to do with Digital Yuan issued by the Chinese central bank. As far as I can see, the cryptocurrency market hasn't taken this new currency seriously. I have seen a few posts here and there in Bitcointalk, but I don't think that it has made any gains on the ground.