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.
Is this a good thing or will China become even more economically powerful and therefore a threat?
The digital yuan China is currently building won't make her world power, becoming a world power takes much more than just having to create a digital version of a fiat currency.
It might interest you to know that China is not the first country creating a digital local currency, there are other countries that already have their digital currency in place, and are working tirelessly to make the citizens of the country adopt the digital currency, example of such country is
Nigeria... Nigeria already launched her own digital currency by the name - ENAIRA.
I f China is clamoring for world power, and they think that's all it takes for any country to become world power, then they are mistaken, it simply means any country can wake up one morning, create their own digital fiat currency and start clamoring for world power as well..