What American media so afraid of is losing the dollar hegemony.
I know this is "No Discussion" so I will keep this limited.
This was probably one of the most absurdist "CHINA BAD" articles I have read (Of course, NED author).
The fact that the government "can track transactions" is totally irrelevant. Most money already basically only exists as numbers. It's not like people are being paid in cash bills or something.
Does this person not watch any American TV shows where the cops are always looking up the suspect's credit cards or bank transactions? Maybe they immediately cash out their account on Pay Day and hide the cash in their home safe? So stupid...