China going cashless thanks to fintech boom on January 1, 2017Standing in line at a Starbucks in downtown Shenzhen, I suddenly realize that no one in front of me is paying with cash. They aren’t paying by credit card either. In fact, I can’t see a single customer holding a wallet or a purse. Instead, they just hold their mobile phones over a reader and […]
Unofficial index shows China GDP ‘not currently exaggerated’ on December 12, 2016China’s official GDP figures are widely thought to be inaccurate. But while most economists believe numbers are being manipulated to display exaggerated growth, a Swedish bank says China actually is experiencing an unanticipated upswing that official numbers don’t show. Svenska Handelsbanken, one of Sweden’s largest banks, has launched a new alternative index to measure the […]