China’s opinion on Facebook’s Libra coin.

Facebook’s new crypto currency still makes little to no impression in China, where the new currency is seen as an ordinary Tencent QQ clone.
China is leader when it comes to mobile payment, which also explains the rejection. Around 583 million Chinese people pay daily with their smartphones. Cash payment is almost considered as strange.

There are also people in China who take the Libra coin more seriously. They fear that the Libra is being used as an instrument by the US government to keep the US dollar dominant in the currency markets.