Alipay, WeChat, and Meituan defined an entirely new area of e-commerce called O2O. Apple and Samsung readied their mobile payment solutions as Visa and MasterCard prepared to what should be a 2016 opening up of the RMB card clearing market. President Xi Jinping’s firm determination on the crackdown of capital outflow in 2015 was only matched by his commitment to the One Belt One Road (OBOR) strategy to build and deepen its global ties.
2016 China Banking Trends and Outlook Report Details:
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