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Chinese online education platform VIPKid announced on Monday it has inked a strategic partnership with the Secondary School Admission Test, a standardized admissions test widely used by private schools in North America, becoming the exclusive online partner of the SSAT on the Chinese mainland.
Chinese banks in Beijing are considering setting up institutions in the Xiongan New Area in Hebei province and offering innovative financial products, according to the Beijing office of China's banking regulator.
Chinese companies, including exporters, have seen an increase in cancellations of orders. While most large enterprises have resumed production, according to NBS calculations, many smaller companies are still struggling to resume work under rising financial difficulties and labor shortages.
Chinese are increasingly relying on mobile phones to pay for bills, ride shared bikes and make medical appointments, a new survey has found. In 2017, 82 percent of users of Alipay, the country's largest third-party payment tool, had adopted digital wallet services when they dined out, ran errands or made donations, according to figures from Alipay parent Ant Financial released on Wednesday. A total of 11 provinces saw the proportion of mobile payment exceed 90 percent, up from just one province recorded in the previous year. Southwest China's Guizhou province and North China's Shanxi province shared the top seats, with a 92 percent mobile payment rate. Such a trend is evident from the dwindling need for physical wallets. The number of searches for 'wallet' dropped for the first time in three years across Alibaba Group's multiple shopping sites, the company noted. One reason driving such exponential growth is the proliferation of a merchant-version QR code, which customers can scan and be redirected to online payment. Ant Financial said over 40 million mom-and-pop stores have enabled mobile transactions by embracing such codes. Mobile payment has also penetrated into public utilities and civic affairs. Public transportation services in some 30 cities now allow citizens to pay for their rides with phones, while over 200 million people can register marriage licenses and settle traffic fines, among 100 types of services, with a few taps on their devices. A credit-rating system developed by Alipay has exempted deposits of all sorts with a combined value of over 40 billion yuan last year. And mobile payment is extending its tentacles into overseas markets. In 2017, tens of thousands of foreign merchants across 36 countries and regions accepted Alipay as a payment option, with the total transaction number tripling year-on-year.
Chinese car-makers are feeling the pinch in the market. According to the China Association of Automobile Manufactures, in 2018, China's auto sales recorded the first ever annual negative growth. In the first two months of this year, auto sales also decreased compared with a year ago.
来源：资阳报