Because paying digitally based on private solutions is already a well-functioning daily experience for Chinese people, encouraging them to change their behaviour and adopt CBDC (Central Bank Digital Currency) seems quite a burden. However, payments are a network industry, so it is crucial to attract a broad user base as soon as possible.
But prices have lifted again in recent years, fuelled by the economic growth stemming from all the factors I mentioned earlier. In general, these recent rises do not appear to be cause for concern. As I see it, we have learnt from the lessons of the past, especially the lessons from the 1980s.