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"For digital lenders, such advances open up a blue ocean with a long tail of around 600 million Chinese borrowers who were traditionally considered below-prime and too risky to lend to," said Cliff Sheng, Oliver Wyman partner and author of the report.
"Google has already got the monopolistic position, has invested billions in infrastructure, AI, technologies, software, engineering and talent. You can't simply unwind a decade of significant progress, or create new alternative powerhouses or tech ecosystems out of thin air."
"For Chinese, watching the content of foreign wanghong generates a refreshing, feel-good factor. It's like a newborn seeing itself in the mirror for the first time," said Yang Qiguang, a researcher from Columbia University's Tow Center.
"For us, this means that we cannot sell the cylinder, even though we are not directly involved in the higher customs duties," he said.
"Financial institutions from both sides would like to do more business all around the world, including in each other's economy," Mann said. "Having more access and more ability to do business in either side's market is an advantage for both sides."
来源：资阳报