you're in the financial industry or simply trading in the global trading system, you need to understand what China is trying to do because it's attempt to do so, given its size and importance, will have ripple effects across the board. And if you had asked me the question of success shortly after the fall of the Berlin Wall, I would have told you that the answer is probably no, they won't succeed. But now why I'm pausing, and I'm saying it is a bit too early to make a judgment with conviction is because of technology. And we don't spend too much time in the report looking at the digital yuan. Originally, when we started writing it, we thought we'll spend a lot of time on that and on the payment system. But actually, over the course of the research, which has been a year long project, we realized that this is if you'd like the necessary condition to have the system of global payments established, but it's not the sufficient condition to increase the use of the yuan. But what's really (28/40)
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