play an active facilitating role, and create better conditions for and inject greater momentum into the development of bilateral relations.
The Italian Senate warmly welcomes Xi for his visit, Casellati said, notin
g that the Italian and Chinese peoples have always trusted each other and maintained pr
ofound friendship, with close ties in such fields as economy and trade, and culture.
The Senate speaker said she agrees with Xi on his remarks about the traditional friendly exchanges betwe
en the two countries dating back over 2,000 years, published in leading Italian newspaper Corriere della Sera ahead of his visit.
China and Italy are major countries that boast a rich culture, she said, adding that Italy is willing to boost communication and co
operation with the Chinese side in such fields as culture, art, language, heritage protection, tourism, science and tec
hnology, and innovation, and encourage their youths to increase exchanges and mutual understanding.
Use of China’s mobile payment services has skyrocketed over the past five years, with total transactions covered reaching 277.39 trillion yua
n ($41.51 trillion) in 2018 — a more than 27-fold increase from five years ago, according to the central bank.
A total of 60.53 billion mobile payment transactions were conducted last year, as a repor
t released by the People’s Bank of China Monday shows, while the figure was only 1.67 billion back in 2013.
From around 2013, with online payments dominant and mobile payments only nas
cent, to 2018, which saw mobile payments outpacing the domestic market, it is easy to observe a mo
bilization trend in payment structures, Xue Hongyan with the Suning Institute of Finance told Securities Daily.
The number of China’s online payment deals has jumped from 23.67 billion in 2013 to 2018’s 57.01 billion, and trans
action value more than doubled to 2,126.3 trillion yuan in 2018 from 1,060.78 trillion yuan five years earlier.