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Global Times: The CBDC pioneered by the People’s Bank of China represents the technological development trend of the world’s new generation of cross-border settlement systems in the future.

An article in the Global Times stated that due to the "non-market" intervention of US cryptocurrency exchanges after the Russia-Ukraine conflict, more and more third-party countries have discovered that the central bank digital currency (CBDC) promoted by the People's Bank of China represents the future trend of technological development for a new generation of global cross-border settlement systems, and is an exploratory guarantee for a fairer and more efficient global monetary system in the future. In addition, deepening the breadth and depth of China's opening up to the outside world, differentiating China's regional and local economic cooperation with foreign countries, promoting production capacity cooperation with partner countries along the Belt and Road, and reducing the risks of a global financial system dominated by the US dollar all require the extensive application of digital currency technology, the opening up of China's financial industry to the outside world, and the innovation of China's financial professionals.

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