China's Digital Yuan Should Be Expanded past Olympics: Daily

China should expand the pilot program of digital yuan to more regions across the country after ensuring the smooth testing of the digital currency during the Beijing Winter Olympics, and formally launch it at the right time, said a commentary on the front page of the Economic Information Daily, penned by Dong Ximiao, chief analyst at Merchants Union Consumer Finance and a frequent contributor to state media. Digital yuan can help raise the international profile of the yuan and increase China's participation in global financial governance should the country strengthen exchanges in digital currency R&D, said Dong. Digital yuan will better protect information and financial security, said Dong, adding that less printing can also help to achieve the country's carbon neutrality goal.