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.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentJames GorrieAuthorJames Gorrie is the author of the 2013 book “The China Crisis” and discusses current events and China on his YouTube Podcast, The Banana Republican. Author’s Selected ArticlesHow Tariffs Could Boost the US Economy and Fix the Trade Imbalance With ChinaDec 04, 2025America’s Thanksgiving Holiday ... in China?Nov 26, 2025The China EffectNov 25, 2025Beijing Targets Japan to Undermine Taiwan’s ResolveNov 21, 2025Related Topicsbitcoinyuandigital currencydigital yuan