Thinking About ChinaOpinionWill the Digital Yuan Challenge US Hegemony?Imminent debut of world’s first national cryptocurrency has very serious implications for US, the worldSavePrintA man uses his phone as he walks past ATM machines for digital currency Bitcoin in Hong Kong on Dec. 18, 2017. Anthony Wallace/AFP via Getty ImagesJames Gorrie6/10/2020|Updated: 6/23/2020CommentaryChina is now testing its digital version of the yuan after five years of development.Share this articleLeave a commentJames GorrieAuthorJames R. Gorrie is the author of “The China Crisis” (Wiley, 2013) and writes on his blog, TheBananaRepublican.com. He is based in Southern California.Author’s Selected ArticlesOf Humans and Humanoids in ChinaJul 01, 2025Do CCP-Controlled Small Businesses in the US Pose a Strategic Threat?Jun 18, 2025The Rise of Militarism in ChinaJun 09, 2025The Great Fall of Communist ChinaMay 30, 2025Related Topicsbitcoinyuandigital currencydigital yuan