A worker producing photovoltaic (PV) modules for solar panels in a factory in Suqian, eastern Jiangsu Province, China, on Jan. 23, 2025. STR/AFP via Getty Images10/28/2025|Updated: 10/28/2025CommentaryXi Jinping’s vision for “Made in China 2025” and for China’s global leadership by 2040 calls for the...
CommentaryChina’s push for a yuan-backed stablecoin is less about innovation or global finance and more about extending the Chinese Communist Party’s (CCP’s) digital surveillance and control, making it unlikely to displace the dollar or deliver true financial freedom.