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Market
Level of digital yuan adoption across sectors by end of 2024
4
Resolution / Starting Odds
High adoption in all sectors • 33%
High adoption in government sector only • 33%
Low adoption across all sectors • 34%
Economic surveys or sector-specific financial reports
Story
Chinese Workers Convert Digital Yuan to Cash Amid Skepticism in State Trial
May 13, 2024, 10:36 AM
In China, a significant trend has emerged among workers who are part of a pilot program receiving their salaries in the digital yuan, or e-CNY. Despite the government's push for digital currency, these workers are converting their digital wages into physical cash almost immediately after receiving them. This behavior has been highlighted in a report by the South China Morning Post and further evidenced by the fact that even with $250 billion worth of transactions, the digital yuan is not retaining its hold as a preferred mode of transaction. Skepticism about the Central Bank Digital Currency (CBDC) remains strong, and the trial involving state employees has not been successful in popularizing the digital yuan.
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10% of corporate clients • 33%
20% of corporate clients • 33%
30% or more of corporate clients • 33%
Very Dissatisfied • 25%
Dissatisfied • 25%
Satisfied • 25%
Very Satisfied • 25%
Manufacturing • 25%
Retail • 25%
Technology • 25%
Finance • 25%
25% to 50% • 25%
50% to 75% • 25%
Less than 25% • 25%
More than 75% • 25%
0-10% • 25%
11-20% • 25%
21-30% • 25%
31% or more • 25%
Yes • 50%
No • 50%
Over 100 Corporate Clients • 50%
100 or Fewer Corporate Clients • 50%
High adoption by healthcare sector • 25%
High adoption by agricultural sector • 25%
Low adoption by healthcare sector • 25%
Low adoption by agricultural sector • 25%
Over 1 billion yuan • 33%
Over 5 billion yuan • 33%
Over 10 billion yuan • 33%
High Adoption in Tech Sector • 33%
Moderate Adoption across Multiple Sectors • 33%
Low or No Adoption • 34%
Broad adoption • 25%
Selective adoption • 25%
Minimal adoption • 25%
No adoption • 25%