Macro Musings with David Beckworth cover image

Martin Chorzempa on China’s Cashless Revolution and the Rise of Super Apps

Macro Musings with David Beckworth

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The Financial System of China

CNN's John Defterios talks about his time in China. He says the financial system was very poor and people couldn't get credit. The only payments company is a state-owned company run by former government people, he says. But that didn't stop him from trying to buy things on craigslist or other sites.

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