![Beijing's Global Ambitions for Central Bank Digital Currencies Are Growing Clearer](http://carnegieendowment.org/images/article_images/GettyImages-135323413_0822795c-a041-416b-83bd-ffe323b48aff.jpg)
This was originally published on Carnegie Endowment for International Peace - articles .
Beijing is pursuing alternative cross-border payments channels built upon central bank digital currencies as a way to erode the dominance of existing arrangements that rely heavily on the U.S. dollar and U.S.-regulated entities.
This was originally published on Carnegie Endowment for International Peace - articles .