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CommentJuly 2 2019

Mixed signals stymie China's fintech charge

China's fintech expansion has made global headlines – but progress is not consistent across the country. 
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China’s adoption of mobile technology is one of the world's most widely reported and scrutinised fintech stories. In a country that in the early 2000s still largely depended on cash for transactions, the arrival of mobile QR code payments ushered in a new era of commerce.

This success rides on the back of China’s huge population. In 2018, the country boasted 802 million internet users, and 98% accessed the internet through their mobile  phones. 

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