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 in
crease 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
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
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 2
018’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.
the EU can’t easily be predicted.
The difficulty for the EU is that, long or short, any delay comes with complications. And this is where opinions in European capitals start to diverge.
If the UK hasn’t left the EU by May 22, it might h
ave to take part in elections to the European Parli amentary elections, which begin the following day. Not doing so could be a breach of the UK’s obligations as a
tate.And if that happens, there is a real concern in Brussels that hardline Euroskeptics could stand for elect ion, in protest at Britain not yet having yet Brexited. They might find a receptive public, and in turn, join interesting new fr
iends in the
European Parliament. Sound far fetched? An EU source recently told CNN of worries in Brussels that far-right figures like To mmy Robinson could end up as Members of the European Parliament, with all the associated attention that brings.
So a short
delay is the preferred option of many in Brussels, especially in the Parliament. But that brings its own set of issues. Fi rst, there is no guarantee that by the end of it, the UK Parliament would have given a thumbs up to May’s deal. In reality, it cou
ld just mean a delay to a no-deal Brexit that almost everyone claims they want to avoid, but still remains the default legal position.
dworking, and bravely take responsibility,” he said. “There are no honorary members, only responsible members.”
Political adviser He Yun’ao, from Jiangsu provinc
e, 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.”
ihao 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.
and chairs. “The first time I chose elms, but in the end I failed.”
He began to use peach trees in 2007, knitting f
our peach branches t ogether and putting iron molds on them. Depending on the growth of the br
anches, the trees were shaped each year until they grew into the shapes of a table and chair.
“It took almo
st 10 years to grow into finished products. Now there are about 800 tables and chairs,” Zhang said, add ing that once the products are grown, they are then cut, peeled, dried, and polished to be ready for sale.
his first set of four peach tree chairs and a round table to the China Impo rt and Export Fair (Canton Fair) in 2016, catching the attention of several merchants who offered to buy the set.
not willing to sell just yet as the set were just sam ples. The fair strengthened his confidence however, which has continued to pay off.
plant business owner Lee Won-jeong in 2017 bought the site from Kim, but kept him on as manager. Lee is based in Busan, in the south of the country, and claims he was unaware of the problems at the site.
Lee says that after the sale, Kim deposited
more than 80 times the amount of g arbage permitted at the site, including household waste, construction materials, and discarded polymer.
The manager of the site had a permit to dump 2,0
00 tons of waste, the site holds more than 80 times that now. As the trash mountain decomposed, gas built up under the surface. In December last year, fires began to appear.
Lee says that when he learned of Kim’s misco
nduct he fired him. Kim has since disappeared and CNN was unable to reach him for comment. Kwon Hyun-soo, the Uiseong county environmental supervisor, says local authorities ar
e using their own resources to tackle the trash but the
flaming mountain is too big for them to resolve. ”The waste is mostly from outside of our region. It’s too much for us to take care of the issue at the local level,” says Kwon.