Christopher A. McNally
Professor of Political Economy, Chaminade University
Sep 30, 2022
China’s economic troubles in 2022, exacerbated by zero-COVID regulations and stiff barriers for travel and exports, have caused consumer demand to hit a new low. The digital yuan, the first centrally backed crypto token, could be the solution Beijing needs to restore consumer trust in their economy.
Apr 02, 2022
The financial sanctions that are being placed on Russia have put the focus onto the over reliance of global trade on the U.S. dollar, especially when it comes to precious oil. Now, Saudi Arabia is preparing for the first time ever to start pricing some oil exports in the yuan which could lead to massive ripple effects in the energy market.
Feb 20, 2022
China’s digital yuan soft launched during the Beijing Winter Olympics, ushering in a new era of financial institutions. Already a leader in digital payment infrastructure, China’s ambition to solidify the digital yuan’s use will change how an already robust ecosystem operates.
Nov 30, 2021
The global pandemic’s impact on the economy was an issue that governments worldwide had to deal with, amid changing ways that people manage their money. Digital currency may be the next avenue for market stimulation in China, and beyond.
Oct 21, 2021
To make sense of China’s summer spate of market-altering policy changes, one must examine Xi Jinping’s strategy, as well as historical precedents for state interventionism in the economy.
Aug 11, 2021
There is a global shift towards a new economic philosophy, which both Washington and Beijing are grappling with. Open understanding of both economies could help the two countries establish the foundation for cooperation.
Jun 25, 2021
The U.S. position on China has become increasingly antagonistic in recent years, but U.S. pressure is more likely to deepen Chinese hostility than it is to create productive reform.
Apr 29, 2021
China is working to assert itself as a global leader in digital currency through the implementation of the digital yuan. The results of this could unravel the global financial system at worst, but at best, could establish a global infrastructure with equal monetary anchors.
Mar 03, 2021
China’s state-backed digital currency has the potential to reshape global financial markets and could revolutionize money for good.
Dec 28, 2020
China’s robust e-payments industry has become ubiquitous at every level of its economy, from street vendors all the way to annual taxes. Chinese authorities hope that the advanced infrastructure they possess can be used to launch the first ever state-backed cryptocurrency.