Chinese consumer goods expo gives digital renminbi a boost

Consumer goods expo gives digital renminbi a boost By He Wei and Ma Zhiping in Haikou, Hainan province | chinadaily.com.cn | Updated: 2021-05-08 14:04 China Construction Bank accepts digital currency payment via an automated coffee stand at the China International Consumer Products Expo in Haikou, Hainan province on May 7.- China Daily

BEIJING (China Daily/ANN): China is turbocharging the pilot use of digital currency nationwide through an array of campaigns to boost consumption.

One latest example is the promotion of digital renminbi at the ongoing China International Consumer Products Expo in Haikou, capital city of Hainan province, where banks encourage the adoption of the new function through various incentives like steep discounts on certain merchandise.