Digital Yuan, Beijing launches public app in 10 metropolises


BEIJING – China has taken a crucial step towards spreading the virtual yuan by making a digital currency e-wallet app publicly usable. The South China Morning Post reports today.

The app, which was previously only available through private links, is now available on the iOS and Android app stores. However, at the moment, the possibility of registering for use is limited to the inhabitants of a number of cities: Shenzhen, Suzhou, Xiongan, Chengdu, Shanghai, Hainan, Changsha, Xian, Qingdai and Dalian, as well as Beijing with the other venues of the Winter Olympic Games.

The launch of the app comes a few weeks before the Chinese Lunar New Year, which traditionally is the time when Chinese people exchange cash gifts in red envelopes that have now gone digital.

At the moment, the majority of these gifts are made through a series of private virtual payment methods managed by Alibaba-Ant Group (Alipay) and Tencent (WeChat Pay), which allow users to make money transfers and payments through QR codes. These are formidable competitors and the e-yuan may not be an instant success.

In October 2021, approximately 140 million Chinese and Chinese residents had opened digital yuan accounts, for something like 62 billion yuan (8.5 billion euros).

Supergallery of the crucial wind for hypersonic missiles

A crucial role in the development of the new Chinese hypersonic missiles was played by a new ultra-high capacity wind tunnel, considered the first in the world where it is possible to carry out tests of complete missiles. This was reported by a study published in a Chinese technical journal, taken from the South China Morning Post.

The facility has enabled Beijing to succeed in developing hypersonic missiles avoiding costly failures and missteps that have characterized the similar path for the United States.

The name, location and technical characteristics of the structure remain strictly secret. But the study reveals that the wind tunnel made it possible to carry out a series of critical tests on the ground that would have exposed the missile to risks during flight tests.

A hypersonic missile can fly at five times the speed of sound, or even faster, for thousands of kilometers into the atmosphere. The existence of the wind tunnel capable of testing the missiles in their entirety had already been revealed by the official Chinese media.


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