A new digital currency laid out in the Five-Year Plan for 2021-2025 is part of the PRC's goal to become technologically independent of [[the West]], to dominate global tech, and overtake the US as the world's dominant power by 2049. Unlike cryptocurrencies such as [[bitcoin]], which are not issued by governments and therefore cannot be used as means of payment in most daily transactions, China's digital currency is issued and controlled by China's central bank. | A new digital currency laid out in the Five-Year Plan for 2021-2025 is part of the PRC's goal to become technologically independent of [[the West]], to dominate global tech, and overtake the US as the world's dominant power by 2049. Unlike cryptocurrencies such as [[bitcoin]], which are not issued by governments and therefore cannot be used as means of payment in most daily transactions, China's digital currency is issued and controlled by China's central bank. |