China's Shenzhen Special Economic Zone Now Supports Digital Currency Research

The Central Committee of the Communist Party of China recently announced that the Shenzhen special economic zone would be supporting research and the promotion of digital currencies.  

Shenzhen, a major city in China in the Guangdong area, is China’s first special economic zone.  

According to China’s state media Xinhua, the announcement stated: "The Central Committee of the Communist Party of China and the State Council will support Shenzhen to build a pilot demonstration zone for socialism with Chinese characteristics. Supporting innovative applications such as digital money research and mobile payment in Shenzhen."  

This news comes under the influence of the Chinese government, announcing that its digital currency is ready.