Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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The Necessity and Overall Significance of the Development of Digital RMB in China

Authors
Xinru Hu1, *
1Beijing Information Science and Technology University, Beijing, Haidian, China
*Corresponding author. Email: huxinru0302@163.com
Corresponding Author
Xinru Hu
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_140How to use a DOI?
Keywords
CBDC; Digital RMB; new development pattern; regional cooperation
Abstract

Nowadays, big data, cloud computing and blockchain technology have promoted the development trend of the third industrial revolution, as well as promoted the transformation of traditional currency to some extent. As a result, digital currency emerged at this historic moment. Although the World Bank has not yet said that central banks must issue digital currency, from the attitude and progress of various countries, the Central Bank Digital Currency (CBDC) has become a strategic commanding point in the era of data finance, consequently issuing digital renminbi (RMB) has become a must. In addition, combined with China's reality and national strategic considerations, the digital RMB can not only provide banks with power to fight against large technology companies, but promote the high-quality development of the new development pattern and enhance the stickiness of regional cooperation.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-098-5_140
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_140How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xinru Hu
PY  - 2022
DA  - 2022/12/27
TI  - The Necessity and Overall Significance of the Development of Digital RMB in China
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1242
EP  - 1246
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_140
DO  - 10.2991/978-94-6463-098-5_140
ID  - Hu2022
ER  -