Author: ceciliazhang

Is China leaving the US behind? [Copy link] 中文

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Post time 2017-9-13 02:10:55 |Display all floors
ceciliazhang Post time: 2017-9-12 09:16
There are plenty of other examples of how China is advancing while most of the US is either stuck in ...
while most of the US is either stuck in neutral or going into reverse


We are going backwards!  You're so right.
  
Behold the turtle. He makes progress only when he sticks his neck out.

                          -  James Bryant Conant

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Post time 2017-9-13 03:06:56 |Display all floors
I'll be interested to know how many Muslims that China allows to immigrate to Xinjiang.

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Post time 2017-9-13 03:07:26 |Display all floors
JFenix Post time: 2017-9-13 02:10
We are going backwards!  You're so right.

Sometimes the right thing to do is to take a step backwards.

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Post time 2017-9-13 03:12:58 |Display all floors
Boston101 Post time: 2017-9-13 03:07
Sometimes the right thing to do is to take a step backwards.

Ask how that is working out for the ME.
  
Behold the turtle. He makes progress only when he sticks his neck out.

                          -  James Bryant Conant

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Post time 2017-9-13 09:07:37 |Display all floors
This post was edited by markwu at 2017-9-13 09:08

CHINA LEAPFROGS THE WEST
World's largest e-finance ecosystem
CLSA: September 2017

excerpts:


China has leapfrogged the West to create the world’s largest eFinance ecosystem through innovation and rapid adoption.

The country has about 500m ePayment users, c.400m users buying wealth-management products online and c.160m online borrowers.  

Chinese internet platforms are relatively creative, and domestic consumers are highly receptive to new products compared to the west.  Approximately 65-70% of internet users in China have adopted ePayment services, and total payment volume (TPV) reached US$11tn in 2016, 16x that of the USA, riding on soaring ecommerce and WeChat adoption.

ePayment has become a new gateway to offer consumer financing and wealth-management products (WMPs), which banks now dominate.  We estimate the eFinancing loan balance was Rmb1.1tn and online players’ assets under management (AUM) totalled Rmb2.4tn in 2016.

By 2021, we believe China’s ePayment volume could quadruple to Rmb300tn while the amount outstanding for eWealth management and eFinancing could triple to Rmb6.7tn and Rmb3.5tn.   Our forecasts have upside potential as they only represent 29% share of China’s consumption-related payments, 9% of the consumption loan balance, and 4% of household financial assets excluding cash and deposits.


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Post time 2017-9-13 16:33:13 |Display all floors
JFenix Post time: 2017-9-13 03:12
Ask how that is working out for the ME.

It's not always about  you.

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2016 Most Valuable Member Medal Gold Medal

Post time 2017-9-13 20:47:44 |Display all floors
JFenix Post time: 2017-9-13 02:10
We are going backwards!  You're so right.

So? You are still light years ahead of China in nearly every area. China is only trying to catch up and has done a good job in terms of how fast it is doing this without getting ahead of you (except when it comes to e-commerce, an exquisite and big chance to launder ill-gotten money...).

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