They have testing their own Chinese cryptocurrency - China's National Digital Currency DCEP. They doing it last 2 years, and now started to implement in some regions of country. Also big chinese companies at these regions start to accept it.
https://www.asiacryptotoday.com/china-digital-yuan-dcep/How is this centralized Digital Yuan any different than other online fiat payment modes such as PayPal? These central bank issued cryptocurrencies will be competing against other digital versions of fiat, and not with decentralized cryptocurrencies. And noting the fact that the Chinese Yuan is probably one of the most manipulated national currencies in the world, I pity on those who chose to hold it.