Cross-border payments are making breakthroughs with the application of digital renminbi in multiple cross-border projects
Hainan and Shanghai Free Trade Zone are currently testing the "offshore version of digital renminbi", which has been successfully applied in projects such as the China-Kyrgyzstan-Uzbekistan railway and the China-Pakistan Economic Corridor. Compared to traditional settlement methods, the efficiency of digital renminbi cross-border payments has increased by over 50%, with transaction fees reduced by about 30%, and zero exchange rate fluctuation risk. By November 2025, there will be 420 million digital renminbi wallets nationwide, with a cumulative transaction volume exceeding 2 billion, covering various scenarios such as utility payments and cross-border trade. The smart contract function will soon be available, further expanding the application boundaries. #美联储FOMC会议 ,#美联储重启降息步伐
