Kim writes, > THE WORLD first took notice of Beijing’s prowess in artificial intelligence > (AI) in > late 2017, when BBC reporter John Sudworth, hiding in a remote southwestern > city, was located by China’s CCTV system in just seven minutes. At that > time, it > was a shocking demonstration of power. Today, companies .. have compressed > those seven minutes into mere seconds ..
Yes .. and soon, when China gains complete knowledge of personal finances as well as of personal movement, then their degree of government control will be absolute. For example .. BEIJING (Reuters) - China’s central bank is partnering up with Didi to test the use of its digital currency, which could make China’s dominant ride hailing platform one of the world’s first corporate users of a government-created virtual currency. The digital currency research unit of People’s Bank of China (PBOC) is working with Didi to apply digital currency electronic payment, or DCEP, on the ride hailing app, Didi said in a statement on Wednesday. Didi said the partnership occurred in an atmosphere where “the government seeks to support the development of the real economy sectors with innovative financial services.” China’s central bank set up a research team six years ago to explore the possibility of launching its own digital currency to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply. Government officials said last year that the digital currency was “almost ready” but have said little about a launch timetable in recent months, though it has been carrying out tests. https://www.reuters.com/article/us-china-crypto-didi/china-to-test-sovereign-digital-currency-on-ride-hailing-giant-didi-idUSKBN24914U?il=0 Reporting by Yingzhi Yang in Beijing and Brenda Goh in Shanghai; Reuters, JULY 8, 2020 _______________________________________________ Link mailing list [email protected] http://mailman.anu.edu.au/mailman/listinfo/link
