Digitalization powers up China’s economy

Mobile payment penetration rate has increased from 25 percent in 2013 to 68 percent in 2016. Individual consumption via mobile payments totaled $790 billion in 2016, 11 times that of the US

China’s wealth inheritors: Entrepreneurial, educated, less materialistic

Compared to other people’s difficulties in seeking funds at the beginning of startup, 62 percent of these inheritors received angel investments from the families firms

China starts 3rd phase of 5G tests

The industry regulator has called for more efforts to upgrade testing environments and a bigger push to experiment with more 5G-enabled applications