WEF Praises China's Digital Yuan

This is a China news story, published by The Sociable, that relates primarily to the Chinese Communist Party news.

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The Sociable

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China's Digital Yuan 'Serves as a Model CBDC', Reduces Cash, 'Democratizes' Banking: WEF

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A World Economic Forum report praises China 's programmable digital yuan as a model for the world.

The report was produced in collaboration with Beijing ’s Tsinghua University Peoples Bank of China School of Finance .

There is no mention of the Chinese Communist Party nor its social credit system and how it leverages digital ID and CBDC to manipulate human behavior.

The WEF continues to be a propaganda arm of the Chinese Communist Party , calling its digital ID-based CBDC a model for the world despite it being used as a totalitarian tool for social credit.

“The system will also enable the CCP to exercise greater control over private transactions,” the CNAS reports.

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