In this episode of RANE’s Essential Geopolitics podcast powered by Stratfor, Emily Donahue speaks to Michael Monderer, Stratfor senior analyst for global economics at RANE.

This year, China began testing a digital currency. So far the experiments have seemed to be positive, which could put China in line to be the first country with a central bank-issued digital currency. Monderer explains what that means, why businesses should care, and the forecast for China’s digital plans. 

Suggested Reading From Stratfor:

China Undercuts Its Own Efforts to Make the Renminbi an International Currency
China’s Slowing and Still-Unbalanced Recovery
The U.S. and China, 20 Years After the Hainan EP-3 Incident
China’s Amphibian Dilemma: Straddling Land and Sea Ambitions

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