Mobile payments continue meteoric risepayment deals has jump

Mobile payments continue meteoric risepayment deals has jump

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.

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approaching a European Council summit where thebehavior of

approaching a European Council summit where thebehavior of

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 have 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

member state.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.

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On Feb 28, Starbucks organized an online competition

On Feb 28, Starbucks organized an online competition

a flash sale, if you will-for the limited-edition cups. Consumers would wait in front of their com

puters for long hours just to click “buy” several times in quick succession over a period of four days to March 3.

Only, millions of their ilk would also do the same thing at the same time. This meant, most of their attempts were destined to prove unsu

ccessful as buyers vastly outnumbered the special cups on sale. The cat-cups were sold out in nanoseconds after the sale opened.

Disappointed consumers accused Starbucks of resorting to “hunger market

ing”, a strategy to drive up demand by deliberately limiting supply, a charge that the cafe chain denied.

The Starbucks cup episode is the latest proof that pets, particularly cats, are stoking big-ticket

spending among affluent consumers in China, an economy that is witnessing consumption upgrade acr

oss all sectors-a topic close to the hearts of the Chinese lawmakers and political advisers who attended the annu

al sessions of the country’ top legislature and top political advisory body this month.

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UK Prime Minister Theresa May sent her “deepest condolenc

UK Prime Minister Theresa May sent her “deepest condolenc

  My thoughts are with all of those affected by this sickening act of violence,” she wrote.

  France has also stepped up security at places of worship in the light of the shootings.

  Interior Minister Christophe Castaner called for increased surveillance and patrols near “denominational spaces.”

  CNN’S Yazhou Sun, Paul Murphy and Eric Cheung, and journalist Matthew Mckew contributed to this report.

  ”I’m very lucky to come from a place like this and that’s why I became an activist,” says Toby Thorpe.

  Thorpe grew up in the Huon Valley in the far south of Tasmania. He

is helping to organize the strike in Tasmania’s capital – Hobart – because he wants to ensu

re that future generations will experience the island’s natural beauty and clean air.

  ”The reality of climate change really impacted my community this year, when bushfires r

avaged the Huon Valley, and burned over 200,000 hectares of wilderness across the state” he says.

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All the members should remain conscientious and har

All the members should remain conscientious and har

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.

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European Union to suspend all Boeing 737 MAX aircraft at 3

European Union to suspend all Boeing 737 MAX aircraft at 3

  The European Union is suspending all operations of all Boeing 737 MAX aircraft in Europe beginning at 3 p.m. ET, according to a statement.

  “As a precautionary measure, EASA has published today an Airworthiness Directive, effect

ive as of 19:00 UTC, suspending all flight operations of all Boeing Model 737-8 MAX and 737-9 MAX aeroplanes in Europe.”

  ”In addition EASA has published a Safety Directive, effective as of 19:00 UTC, suspendi

ng all commercial flights performed by third-country operators into, within or out of the EU of the above mentioned models.”

  The announcement follows a growing tide of European countries that grounded or banned the airplane from flying overhead.

  The president of a major flight attendant union on T

uesday called for the Federal Aviation Administration to temporarily ground the Boeing 737 MAX fle

et “until FAA-identified fixes to the plane can be installed, communicated, and confirmed.”

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Thanks to the impact of the China-US trade conflicts,obal for

Thanks to the impact of the China-US trade conflicts,obal for

gn direct investment is in the dumps. The Global Investment Trends Monitor

issued by the UN Conference on Trade and Development shows global foreign dir

ect investment fell by a large margin-19 percent-last year, marking a third straight year of decline.

But China bucked the trend, as 60,533 foreign-invested enterprise

s started business in China last year with the actual use of foreign investment reaching $132

.12 billion, a year-on-year growth of 69.8 percent and 0.9 percent, respectively. Among which, high-tech ma

nufacturing grew 35.1 percent, reflecting foreign investors’ optimism on China’s growth potential.

The draft foreign investment law shows China’s firm resolve to build an open economy. And the strength of the draft law

is that it complies with the trends and changes in the global investment system and stipulates more thorough and expl

icit implementation of the pre-establishment national treatment with the negative list for foreign investment, and

embodies foreign investors’ appeal to ensure freer and more convenient investment.

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Zhang began experimenting with elms to make his tables

Zhang began experimenting with elms to make his tables

and chairs. “The first time I chose elms, but in the end I failed.”

He began to use peach trees in 2007, knitting four 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 almost 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.

Zhang took 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.

Zhang was 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.

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Tests to start on launch of space stationtart preparatory tests

Tests to start on launch of space stationtart preparatory tests

hina will start preparatory tests for its manned space station mission in the

second half of this year, according to the China Manned Space Agency.

The agency said in a statement on Monday that the core module of the space station, as w

ell as a Long March 5B carrier rocket and payloads to be carried by the rocket’s maiden flight, will be tr

ansported to the Wenchang Space Launch Site in the island province of Hainan to conduct tests.

After those drills, the Long March 5B rocket will launch from the Wenchang s

ite for the first time when appropriate, the agency said, without giving an exact date.

Sources close to China’s manned space program said that after the maiden flight, Long March 5B rockets will be tasked w

th lifting parts of the nation’s first manned station into space, where those parts will be assembled by astronauts.

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While that struggle was raging, waste-to-energy pow

While that struggle was raging, waste-to-energy pow

  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 2,000 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 misconduct 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.

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