Among them are many people walking, taking photos on the shore but not wearing masks. Seat rental locations also do not comply with the distance, tourists still gather in groups to rest, wearing masks is also neglected. Only a few people wear masks and remind their loved ones to do the same. At the beach, functional forces also patrolled, reminded, and the speaker system continuously played content asking people to comply with disease prevention but few people cared. Today, the People’s Committee of Quang Ninh province has an official dispatch asking people not to gather at the beach after 3pm. Yesterday, on the first day of the holiday, Quang Ninh province’s functional forces came out and fined many people who did not wear masks with an amount of 53 million VND. Director of Quang Ninh Department of Tourism Pham Ngoc Thuy said that on the first day of the holiday on April 30, about 75,000 tourists returned to Ha Long City. Hotels from 4 to 5 stars room capacity reaches 80%. Some pictures at Ha Long beach on the afternoon of May 1st: Many tourists still gather at Ha Long beach A group of young tourists without a mask “Hot girl” poses on the beach but doesn’t wear a mask Many people ignore the prevention of Covid-19 epidemic Speakers, stations broadcast content that requires everyone to wear masks but no one notices Young people do not practice epidemic prevention when going to Ha Long beach to cool off Today, Quang Ninh province asks not to gather in large numbers at the beach There are still a lot of people flocking to Ha Long beach to take a walk and take pictures A few tourists who are aware of the spread of Covid-19 should wear masks Still at Cua Lo Town (Nghe An) In the past 2 days, very few tourists have gone down to the beach to walk, swim and wear medical masks. Hotels, motels, restaurants and entertainment in Cua Lo Town all have disinfectant bottles, hand washing and medical instructions before checking in. Cua Lo beach has many people bathing but not wearing masks Only a few people wear masks at Cua Lo beach biển My Khe Beach, Pham Van Dong (Da Nang) This afternoon many people came to take a bath. Few people adhere to wearing masks. Only a few people wear masks The beach is crowded with people

According to the Bloomberg Over the past time, many international experts have expressed concern about China launching a national digital currency. British historian Niall Ferguson predicts that the digital yuan threatens to threaten America’s dominance in the global financial industry. Michael Hasenstab, head of investment fund Franklin Templeton, said that the digital yuan will weaken the position of the dollar, the reserve currency in the world. The administration of US President Joe Biden is studying the potential threat of the digital yuan to US national interests. However, those who are actually using their digital NTD are indifferent. Shenzhen is the city that runs the largest-scale digital yuan testing campaign. Reply Bloomberg Participants said they were not interested in leaving Ant Group or Tencent Holdings’ online payment apps. Online payment apps have been replacing cash in China for a long time. Photo: Getty Images. No conversion is intended “I’m not excited at all”, Bloomberg quoted Patricia Chen, who works in the telecommunications industry, as saying. She is one of more than 500,000 Shenzhen residents eligible to participate in the digital yuan trial. In this test, participants will download the government’s e-wallet application on their phones, connect to their bank accounts, and can convert up to 10,000 yuan ($ 1,548) in cash to digital currency. number (e-CNY). Similar to Alipay’s Ant Group app and Tencent’s WeChat Pay, digital yuan transactions are done very quickly using QR codes. When there is no Internet, users can use near field communication technology to make payments. Vera Lin – 25, an employee of a financial company in Shenzhen – said using digital yuan is quite easy. However, she has no intention of switching to digital yuan as the current online payment applications work seamlessly with other e-commerce services and platforms. Many people in Shenzhen said they have no intention of switching to digital yuan altogether. Photo: Reuters. Many stores participate in a trial of a 10% discount on digital yuan customers. However, that was not enough to convince Lin. She said Ant Group or Tencent’s platforms often offer discounts on many services, from ride-hailing to food delivery. Privacy is also a concern for Jan Chen, a 33-year-old civil servant. “The fact that the authorities can track every payment transaction is scary,” Chen said. I’m not excited at all User Patricia Chen In addition, some merchants and store owners revealed that they are concerned that information about all transactions goes directly to government databases even though the People’s Bank of China (PBOC) previously secured most of the delivery. translation will be confidential. In March, a representative of the Institute of Cryptocurrencies Research confirmed that PBOC will not directly know the identity of the user. However, the Chinese government may obtain information from financial institutions if it is suspected of illegal conduct. In addition, PBOC also encourages stores and merchants to use digital yuan by using free of charge. Currently, Alipay and WePay apps charge 0.6% per transaction. Difficult to take market share The yuan currently accounts for only 3% of total global payments. Expert Zennon Kapron, Director of consulting firm Kapronasia (Singapore) said that the digital version will only help the Chinese currency increase its market share by 1%. “The global impact of the digital yuan will be very small, unless China changes its economic structure and financial system,” said expert Kapron. Chinese officials themselves also show restraint when talking about the digital yuan. Last month, Mr. Li Bo – PBOC’s deputy governor – affirmed that China is developing a digital yuan to serve the domestic market, not with the intention of replacing the dollar. Previously, former PBOC Governor Zhou Xiaochuan said the digital yuan was a solution to help China fight the potential threat from cryptocurrencies like Bitcoin. Kapron predicts that if the digital currency fails to attract users, the Chinese authorities will take steps to increase the control of data collected by internet and financial companies such as Ant Group and Tencent. . Bloomberg Intelligence analyst Francis Chan also thinks that Chinese authorities can force Internet platforms and businesses to use the digital yuan. Chan and BI analyst Sharnie Wong predict that the electronic yuan will be widely used in China before the 2022 Beijing Olympics. It is likely that the digital yuan will take up 9% of the domestic online payment market share by 2025. That will be a big change, but the digital yuan still has a long way to go before the challenge. status of Alipay and WePay. These two payment applications account for a total of 90% of the market share in China. Expert Michael Ho, director of financial services at Oliver Wyman, also said that convincing the world to accept the digital yuan even more difficult.

China has big ambitions for the digital yuan – Photo: CGTN As China moves towards issuing the world’s first government digital currency, the debate about it is getting hotter than ever. Historian Niall Ferguson describes China’s e-yuan as a “dangerous challenge” to the US financial hegemony over decades. Meanwhile, Michael Hasenstab, chairman of investment firm Franklin Templeton, said e-CNY could undermine the role of the dollar as the reserve currency of the world. However, according to Bloomberg, when talking to people already using the digital yuan in China, the response was not very positive. APPEARANCE OF DOMESTIC USERS In Shenzhen – the tech hub is experimenting with using the digital yuan – most Bloomberg survey participants showed little interest in switching from popular mobile payment systems. currently such as Alipay of Ant Group or WeChat Pay of Tencent. Ant Group and Tencent are dominating the digital payment market in China with WeChat Pay and Alipay apps – Source: iResearch / Bloomberg Some are concerned that the digital yuan could be a tool for the authorities to access their financial data in real time. “I am not interested at all,” said Patricia Chen, 36, who works in the telecommunications industry, Chen is one of more than 500,000 people in Shenzhen eligible to test the yuan. While none of the Bloomberg survey participants had in-depth knowledge of the role of the digital yuan in the global foreign exchange market, their indifferent response showed the challenges faced by the administration. Chinese President Xi Jinping faces when he applies this currency at home and abroad. “I’m not interested at all” … “I’m afraid the authorities can track all my transactions” … E-CNY users According to Bloomberg, even if the Chinese authorities persuade or force citizens to accept the digital yuan, it will take a long time to do the same with international consumers and businesses. they have been wary of Beijing’s capital controls so far. With Vera Lin, 25, working for a finance company in Shenzhen, using the digital currency is not too difficult. However, Lin argues that users like her need a greater incentive to switch to the digital yuan altogether, because existing digital payment options are so reliable and work seamlessly within the platforms. other services, from social networks to e-commerce. Even a 10% discount on RMB purchases was not enough to lure Lin. The 25-year-old says platforms run by companies like Ant regularly offer discounts on everything from ride hailing to food delivery. Meanwhile, Jan Chen, a 33-year-old civil servant, is concerned about privacy issues. “I’m afraid the authorities can track all my transactions,” Chen said. China is testing the digital yuan in several provinces, including the largest scale in Shenzhen city, Guangdong province – Photo: Xinhua In a country where tax compliance is not as strict as China, many entrepreneurs are wary if information about their transactions is fed directly into government databases. Some fear that data from digital yuan transactions could be collected in real-time to monitor political disagreements or international businesses. competition with Chinese state-owned enterprises. Launched in 2014, the digital yuan project was promoted by then PBOC Governor Zhou Xiaochuan, who has long advocated the creation of a new international data currency to replace the dollar. . Zhou sees the e-CNY as a tool to counter potential threats from cryptocurrencies like Bitcoin or Facebook’s Diem (formerly known as Libra). THE COUNTRY IS HARD, IT’S ALTERNATIVE The PBOC has tried to quell these concerns by freeing the use of the digital yuan to retailers (they currently have to pay a 0.6% fee for transactions on Alipay and WePay), and pledged to that most of their transactions will be anonymous. In March, Mu Changchun, director of the PBOC’s Digital Money Research Institute, said the central bank would not directly grasp the user’s identity, but that they could get this information from financial institutions. in the event of a crime. Zennon Kapron, CEO of consulting firm Kapronasia, said that if the digital yuan is not gaining traction in the long term, the Chinese government may turn to coercive use. Beijing has begun to take moves to gain control over the data collected by technology and financial companies like Ant and Tencent. According to Francis Chan, a senior analyst with Bloomberg Intelligence, even if Chinese lawmakers do not go that far, they can ask for more co-workers from the vendors and operators of the Internet platform. digital yuan on your own payment options. “The e-CNY only partially solves the problem, which is the payment infrastructure part. However, just solving this problem does not help solve the whole problem “… Michael Ho, Director of Financial Services, Oliver Wyman Recently, the platforms MYbank (invested by Ant) and WeBank (invested by Tencent) have been added as options on the e-CNY application, although not yet available. Chan as well as Bloomberg Intelligence analyst Sharnie Wong forecasts that the digital yuan could be put into use across China before the 2022 Beijing Olympics and take 10% of the market share in electronic payments in the country by year. 2025. This is not a small number but still cannot compete with the dominant positions of Alipay and WePay – two e-wallets with total market share of over 90%. In the country it is difficult, to persuade international users to use the digital yuan is much more difficult. “The e-CNY only partially solves the problem, which is the payment infrastructure part. However, simply solving this problem does not help solve the whole problem, “said Michael Ho, director of financial services at Oliver Wyman, commented. Many people are skeptical of the ability to fulfill China’s ambitions to internationalize the yuan – Photo: Getty Images According to Zennon Kapron, on the international arena, despite its great ambitions, the digital version of the yuan is unlikely to boost the share of the Chinese currency’s global payments by one percentage point, from below. 3% current. Many analysts are also skeptical of the yuan’s international application ambitions in Xi Jinping’s plan to reduce dependence on the US-led financial system.