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China's mobile payments are also going abroad. Alipay and Wechat Pay have been widely accepted across Thailand, from small street vendors in Chiang Mai to large duty free shops in Bangkok. If you need to pay in any other currency, say British Pound, US dollar, Japanese Yen, Canadian Dollar, Euro, or South Korean Won, you can also easily make the "exchange" in your Apps. China is also strengthening the protection of data privacy and financial security in these digital payments in order to make "grab your phone and go wherever you want" more carefree.
China's market regulator put an interim version of the regulations into effect on April 1, 2016.
China's nonfinancial outbound direct investment dropped 6 percent year-on-year to 807.95 billion yuan in 2019, according to the Ministry of Commerce.
China's economic activity rose from a trough of around 20 percent of normal levels in February 2020 to 90 percent in the span of just three months, ECB analysts said in the article, citing both traditional data and non-conventional high-frequency economic indicators.
China's international cargo flights are expected to hit 4,445 this week, over three times higher than the 1,014 before the novel coronavirus outbreak, said Sun Shaohua, deputy head of the Civil Aviation Administration of China's operations and monitoring center, at a news conference.