China accelerates in tech race with US, CBDC is a public good, not a private business case
Friday 10 July 2020 – Vol. 11 Ed. 28.5
Commentary: China accelerates in tech race with US
By Jia Hao Chan in Singapore
The digital silk road has helped over 6,000 Chinese internet enterprises and 10,000 technology products move into overseas markets. China holds more than a fifth of the world’s artificial intelligence patents. Its policy-makers and enterprises continue to collaborate on expanding key areas such as 5G. China’s ‘military-civil fusion’ strategy of sharing technologies between its military and private sectors could accelerate its technological dominance over the US.
Read the full commentary on the website.
Podcast: CBDC is a public good
Wolfram Seidemann, chief executive officer of G+D Currency Technology, joins David Marsh, chairman of OMFIF, to discuss how central bank digital currency has gained traction among public and private sector institutions and if Covid-19 is a motivating factor for central banks to adopt digital currency. They also discuss at the state of blockchain technology, privacy concerns and the benefits CBDC may offer to society during the pandemic.
Listen to the recording, or search ‘OMFIF’ on your smartphone’s podcast app.
