online news service focusing on China’s mobile payment industry, said to Securities Daily he
expects the run-up of cashless payments will maintain for three to five years until it takes up as much sha
re of consumption as possible, as consumers incrementally wade farther into cashless payments.
Data from PBOC revealed banking financial institutions in 2018 conducted 220.31 billion deals in non-cash paym
ents involving 3,768.67 trillion yuan, a rise of 36.94 percent and 0.23 percent year-on-year respectively.
In the same period non-banking payment institutions, mainly referring to third-party online payment service providers, had 530.61 b
illion deals, surging 85.05 percent, and the transaction volume was 208.07 trillion yuan, up 45.23 percent fro
m the previous year. Mobile payment platforms Alipay and WeChat Pay occupy over 90 percent of market share.
By the end of 2018, a total of 424 commercial banks and 115 payment institutio
ns were connected to a unified clearing platform set up by the Payment and Clearing Association of China, PBOC said.
birth in office, and then by taking her three-month old daughter Neve to the United Nations, where Ardern was pho
tographed playing with the baby alongside partner Clarke Gayford. Neve looked on as her mother addressed the assem
bly while Gayford, whom the couple say is the main caregiver for their daughter, held the baby.
Speaking to CNN after her address, Ardern said she wanted to “normalize” the ide
a of being a working mother, and described New Zealand as “incredibly progressive.”
Since coming to power, Ardern has presented an image in stark contrast to leaders of many large Western nations. As co
untries, including the United States, have attempted to keep migrants out, Ardern has actively sought to bring them in.
She’s made multiple offers to take in refugees languishing on Manus Island and Nauru,
the products of a Australia’s strict immigration policy. The offer has been repeatedly refused.、
dworking, and bravely take responsibility,” he said. “There are no honorary members, only responsible members.”
Political adviser He Yun’ao, from Jiangsu province, said this year’s session was busy and substantial.
“I got up early and got to sleep late to read more material so as to im
prove my proposals,” he said. “The meeting was over, but Chairman Wang has given us man
y assignments. I will do more surveys and study this year and bring better proposals next year.”
Zhang Zhihao and Wang Kaihao contributed to this story.
hina’s poverty relief battle is the world’s biggest and toughest. Over the last 30-plus ye
ars, China has made determined and innovative efforts to reduce poverty and remarkable achievements have been witnessed.
In this exclusive interview, an episode of China Daily’s two sessions special coverage answe
ring questions put forward by media outlets from more than 20 countries, Lei Ming, dean of the Insti
tute of Poverty Research, Peking University, shares his view on the ways of the toughest poverty-relief battle.