Major step forward for digital renminbi: China Daily


BEIJING (China Daily/ANN): One hundred thousand residents in Suzhou, Jiangsu province, selected through a lottery, are participating in an upgraded pilot programme of the digital renminbi that began on Friday (Dec 11).

Unlike their 50,000 Shenzhen counterparts who participated in a trial programme in October in which they had to spend the digital money offline, those in Suzhou can use the 200 yuan (US$30) virtual red packets given them by the government to purchase goods not only in designated brick-and-mortar shops, but also via the official app of online retail giant JD until Dec 27.

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