China is sprinting its testing on the digital yuan. It will not take too long before the digital Yuan is executed and it believes China will become less independent of the US Dollar.
Digital Yuan has been launched by the Chinese authorities and even since its launch there have been many negative responses from the people there, because according to some people there the existing payment system is quite complete. Currently they are making great success clamps for this development project and more and more are encouraged to use Digital Yuan in comparison to crypto in general, moreover there is a specific prohibition regarding crypto there.
However, many countries right now are also starting to get wary of the intention of China, at least in part this is exposed with the pandemic. Many countries are now starting to resist the influence of China. Many are now seeing that China can be a trap. Personally, I don't see China to be the one to dominate of the vacuum that will be left by USA in the global commerce, that position is reserved for another (still emerging) entity.
I recognize economic growth, technology and resource development increasingly rapidly in China, but specifically do not see the effects of Digital Yuan because long before that their economic power has grown rapidly through other sectors. Yuan Digital is only a tool and reason for the rejection of Bitcoin and Crypto in the country because of the nature of those who want to regulate, so that Yuan Digital is launched to break the dominance of cryptocurrency in the country.
Personally I do not see Yuan Digital will accelerate China's efforts to dominate and when talking about global trade is more political to wanting to control world trade in the ways they do.