DCEP – Digital Currency Electronic Payment
Foreign corporations will need DCEP to conduct Business in China.
Eventually they will need DCEP to conduct business WITH China.
This is a big deal. China is way ahead of the US (or any other country) in development of a central bank digital currency.
The long term plan is to replace the use of the US dollar for trade with China, and to replace the US dollar reserve status.
Lots of DCEP info on the web for those interested in follow up research.

This article explains DCEP

This URL is from a video in the above article