Some crucial aspects like an estimated launch timeline remain undisclosed. WHAT EFFECT WILL IT HAVE? The PBOC did not immediately respond to Reuters request for comment on how the Shenzhen pilot programme went. HONG KONG (Reuters) - China on Sunday concluded its largest pilot project to date for a central bank-backed digital yuan, with analysts saying the trial extended its lead in the global race to develop a central bank digital currency (CBDC). The system is more complicated than that, however.
China doesn't allow people to pay with mobile phones.
( z0 allow :ARG0 ( z1 country :name ( z2 name :op "China" ) ) :ARG1 ( z3 pay :ARG0 ( z4 person ) :instrument ( z5 phone :mod ( z6 mobile ) ) ) :polarity - )
(z0 / allow-01
    :ARG0 (z1 / country
              :name (z2 / name
                        :op1 "China"))
    :ARG1 (z3 / pay-01
              :ARG0 (z4 / person)
              :instrument (z5 / phone
                              :mod (z6 / mobile)))
    :polarity -)
China does n't allow people to pay with mobile phones .
z1 :name z2
z2 :op1 1
z0 :polarity 0
z0 :ARG0 z1
z3 :ARG0 z4
z0 :ARG1 z3
z5 :mod z6
z3 :instrument z5