Why is China so worried about countries boycotting the Olympics? There’s a deeper global ambition behind it


The Chinese Communist Party is taking the Beijing Olympics very seriously. With more and more countries diplomatically boycotting the Olympics, the CCP is using every trick to defuse the tension. But why would the CCP take a sporting event so seriously? The real reason is that the CCP wants to use the games to promote its state-backed digital currency, known as the “digital renminbi” or the “digital yuan.” And, there are huge global ambitions behind the move.

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