# Chinese City Suzhou To Distribute $5 Million In Digital Yuan By Coinness Canonical URL: https://www.tokenpost.com/news/investing/6447 Published: 2021-02-05T09:37:03.000Z Updated: 2021-02-05T09:37:03.000Z Section: Investing > China is extending its digital yuan trial yet again as the city of Suzhou has announced the lottery to distribute 30 million yuan (around $5 million) among the residents in digital fiat. China is extending its digital yuan trial yet again as the city of Suzhou has announced the lottery to distribute 30 million yuan (around $5 million) among the residents in digital fiat. The city government will distribute 150,000 red packets, each with 200 yuan (around $31). Though the giveaway will take place on Friday, the results will be announced on February 10. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)