With the accelerated recovery of global trade, will digital RMB usher in development opportunities?

Yes, after the impact of health events in 2020, the foreign trade of most economies in the world suffered a serious blow, which caused a big impact on the economic situation of various countries. Nowadays, with the gradual control of health events in various countries, global trade is also full of new vitality and has entered the process of recovery.

Relevant report data show that in the first quarter of this year, global trade in goods and services increased by 10% year-on-year. Moreover, the recovery of global trade is accelerating. The report predicts that the global trade volume will increase to 6.6 trillion US dollars (equivalent to about 42 trillion yuan) in the second quarter of this year.

Based on the importance of China in global trade today, the digital RMB will also usher in an important period of development opportunities.

Digital RMB "red envelope rain" landed in Changsha;

Recently, Changsha, Hunan Province distributed 40 million yuan digital RMB red envelopes to the public, becoming the fifth city in China to distribute digital RMB red envelopes and actively supporting the national blockchain related strategy.

In recent years, with blockchain technology as the link, a number of application cases have emerged in the fields of construction machinery and people's livelihood consumption, and Changsha has become an important node city of blockchain service network.

In the Report on Comprehensive Index of Urban Blockchain in China in 2020, Changsha's comprehensive index of blockchain ranks first in central and western cities, and the sub-index of policy and environment ranks first in China. Hunan enterprises, represented by Sany Heavy Industry, Tang Renshen and Wo Jia, actively embraced blockchain technology, showing a good situation of multi-flowering.