China Mulls Digital Yuan Settlements for Commodities  

The People's Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help companies avoid the difficulties of using a single high-cost, cross-border payment channel.

https://news.bitcoin.com/china-mulls-digital-yuan-settlements-for-commodities/