People's Bank of China, Progress on Research and Development of E-CNY in China (2020)
“ With the rapid development of digital technologies such as big data, cloud computing, artificial intelligence, blockchain and the Internet of Things, the digital economy has witnessed various new models and new businesses. Covid-19 has sped up digital transformation of people’s work and life, and online shopping, remote working and e-learning have become more active. The digital economy has expanded in its geographic coverage, and the less developed and remote areas have witnessed a rising demand for online financial services. ”
