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Chinese dama, or middle-aged women, who rushed to buy gold in 2013 when prices fell, seem to have turned to Chinese gold-backed exchange traded funds, which saw the fastest growth among Asian-listed funds in the third quarter of 2019, analysts and industry experts said.

Chinese bike-sharing giant Ofo Inc announced on Thursday that it is pedaling its way to Malaysia, as competition with arch rival Mobike Technology intensifies in the overseas market.

Chinese investments have been moving up the value chain, Yang said. They are expanding from traditional areas — namely agriculture and mining — to a diverse portfolio including but not limited to energy, electricity, manufacturing and technological innovation, he said, helping to boost employment and other related fields in Brazil.

Chinese banks now demand strict real-name registration in the application process for bank cards, leaving almost no room for fraudsters. But opening an account on a third-party payment platform needs nothing much more than an email account. Moreover, a person can hold multiple accounts, making it the perfect channel to move money.

Chinese internet heavyweights such as Alibaba Group Holding Ltd, Tencent and Xiaomi Corp have also expanded their presence in the sector through acquisitions or partnerships.