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China has overtaken the United States to become the largest mobile payments country, partly thanks to its late-mover advantage. Compared with other developed countries, China does not have an entrenched credit culture and has no problem jumping from cash to mobile payments.
China has increased its foreign direct investment in Brazil in a very concrete field - electricity - and joint investment in solar energy in Latin America would be ideal, she said.
China has been accelerating the opening of its derivatives market since 2018 when the country launched the trading of crude oil futures contracts and opened it for the first time to foreign investors, a milestone development of the country's futures market. Following crude oil, three more products－iron ore, pure terephthalic acid and technically specified rubber 20 futures contracts－became available to foreigners.
China ceded the position to Japan as the biggest foreign lender to the US government last October as the country had spent a portion of its massive foreign exchange reserves to stem the depreciation of the yuan and to curb capital outflows.
China demanded that the US earnestly abide by the one-China principle and the three joint communiques and handle Taiwan-related matters in a prudent and proper way, Yang said.
来源：资阳报