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K’ONYANGO: Digital yuan signals China’s silent revolution in global finance

China’s digital currency platform could strengthen African countries’ bargaining power

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by ONYANGO K'ONYANGO

Siasa27 July 2025 - 09:47
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A staff member of the Bank of Communications demonstrates the use of the online wallet of digital RMB at the Happy Valley Beijing theme park in Beijing, capital of China, June 16, 2021 /XINHUA/CHEN ZHONGHAO

As the global economy transforms, financial influence is no longer measured solely by GDP or trade volume.

Increasingly, it is defined by control over how money moves. China, once a passive participant in the global financial system, is now actively shaping an alternative.

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