Already started, last year. In April 2020, China also began testing its own electronic currency—the e-CNY, or digital yuan—a project that could put the government in more direct competition both with cryptocurrencies and with corporate payments systems.
https://www.google.com/search?q=does+china+have+its+own+cryptocurrency&ei=jhVPYYuGD8CLwbkP7rKsmAM&oq=does+china+have+its+own+&gs_lcp=Cgdnd3Mtd2l6EAEYAjIFCAAQgAQyBQgAEIAEMgUIABCABDIFCAAQgAQyBQgAEIAEMgUIABCABDIFCAAQgAQyBQgAEIAEMgUIABCABDIFCAAQgAQ6BwgAEEcQsAM6CAguEJECEJMCOgUILhCRAjoOCC4QgAQQsQMQxwEQowI6CwguEIAEELEDEIMBOg4ILhCABBCxAxDHARDRAzoICAAQgAQQsQM6BQgAEJECOg0ILhCxAxDHARCjAhBDOgsIABCABBCxAxCDAToICAAQgAQQyQM6BQgAELEDSgQIQRgAUOrukQRYn5aSBGD5qpIEaANwAngAgAGJAogBqhySAQYxLjIwLjOYAQCgAQHIAQjAAQE&sclient=gws-wiz
Government “crpyto” isn’t crypto. It is little more than a digital method to use the national fiat currency. That make government crypto basically a sort of debit card.