And sooner or later, it could attain a similar status to Alipay, which is now accepted as a means of payment at popular destinations for Chinese tourists abroad. Ultimately, it could also become more important in international trade and payments, thus strengthening China’s currency against the dollar or the euro.
[2]  In an environment such as this, the natural reaction of every economic agent is to try to pass on these price increases to other actors in the economy. In the euro area, we can identify two distinct phases in this process.