Trying out digital currency at Hainan Expo

CGTN

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China has moved quickly in digital currency electronic payment, piloting the new money in several major cities and provinces since last year.

Compared with the widely used WeChat Pay and Alipay, China's digital yuan is issued by the People's Bank of China, the central bank, and allows the government to have greater visibility in real-time transactions.

CGTN reporter Wang Tianyu tried out digital currency electronic payment at the China International Consumer Products Expo in south China's Haikou City. Here's what it looks like.