China faces up to limits of technology, The case for CBDC and the role of blockchain, and more
Latest opinion and analysis from OMFIF around the world
2-6 November 2020, Vol.11 Ed.43
China faces up to limits of technology: China has demonstrated impressive technological prowess in digital payments, e-commerce, blockchain, artificial intelligence and machine learning. These innovations have arguably made life easier and safer. However, technology alone cannot solve major economic challenges. One of the main difficulties that China faces is shifting its focus from exports to domestic priorities, consumption and investment. This restructuring will change how resources are deployed, a problem that technology alone cannot remedy, writes Herbert Poenisch. Read more.
Covid, central banks and climate crisis: One of the more surprising outcomes of the Covid-19 crisis is the way it has deepened efforts across the financial system to build a sustainable economy. More and more central banks have committed to green finance, recognising the shared roots of the pandemic and climate change, writes Nick Robins. Read more.