Learning opportunity: With the US-China economic conflict in the background, digital advantages may become the new trend of bilateral rivalry

The Study Times official WeChat account today published an article titled "Digital Currencies: A New Way to Challenge Global Money". In the context of the Sino-US trade tensions, the article points out that digital advantages could represent a new trend of competition between the two countries. The US dollar still holds the largest currency in the basket of currencies indexed to Libra, but the renminbi is not one of them. In the future, the United States will be able to strengthen the status of the US dollar through numerical gains with the control of the US dollar in the entire world monetary system and the superiority of technology production and dominance of the network of US technology companies. Korea must actively respond to the new financial challenges of the digital age. First, it is necessary to carefully maintain a stable private sector enterprise to avoid financial risks. The second is to encourage our domestic high-tech companies to be competitive in global payments. The third is the integration of "One Way, One Way" development with improved numerical results.