VeChain Foundation: The Boao Forum for Asia, Vice Chairman Zhou Xiaochuan Said: Digital currency should serve the real economy

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VeChain Foundation: The Boao Forum for Asia, Vice Chairman Zhou Xiaochuan Said: Digital currency should serve the real economy
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25/04/2021 – 08:05

“….Zhou Xiaochuan, Vice Chairman of Boao Forum for Asia, 12th Vice Chairman of the National Committee of the Chinese People’s Political Consultative Conference and former Governor of the People’s Bank of China said that regardless of digital currency or digital assets, they all have to serve the real world. We have experienced the global financial crisis in 2008 and found that finance is detached from the real, such as the shadow banking and derivatives which have become purely speculative transactions between financial institutions, and there is no longer a connection with the real. Under this situation, it is easy to go wrong. In China, financial innovations have to be clear about its benefits to the real economy. (Source: Ifeng News)”

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