Former Governor of the People's Bank of China Zhou Xiaochuan: China promotes digital currency with emphasis on payment and retail uses

According to, when talking about whether global central banks are implementing digital currencies, Zhou Xiaochuan, the president of the China Institute of Finance and former governor of the People's Bank of China, believes that China will continue to follow the past path and emphasize the use of digital currencies for payment and retail. Big countries are very cautious when choosing technical directions at the currency level. If they go in the wrong direction, a crisis of trust may arise. China will continue to adhere to its past path, emphasize the payment function of digital currency, and maintain favorable technical support for the retail system. Based on this, it will gradually consider expanding the use of digital currency.