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Home News Digital yuan campaign planned for contested island in the South China Sea

Digital yuan campaign planned for contested island in the South China Sea

Document Analysis NLP IA

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neutral
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Sentiment0.014751683501684
objective
redaction

Subjectivity0.18494167869168
it's an affirmation
Affirmation0.60365853658537

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Summary (IA Generated)

South China‘s Hainan Province, which administers the prefectural Sansha City on a disputed archipelago in the South China Sea, will run a two-week campaign later this month to promote the use of the digital yuan among island residents.

Between April 12 and April 25, the Industrial and Commercial Bank of China‘s Hainan Branch, together with Haikou Branch of China’s central bank and the Sansha municipal government, plan to host a themed digital yuan consumption parade in a bid to encourage consumer adoption of the forthcoming digital currency.

ICBC Hainan‘s merchant and mobile banking infrastructure, together with digital yuan wallets, will be implemented to illustrate the safety and convenience of the new currency and foster public awareness of it.

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As previously reported, China has already organized a swath of digital yuan promotional events, including a recent one in conjunction with International Women’s Day and festive lotteries for the Chinese New Year.


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