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China Moving Toward Electronic Payments System
serf
Member Posts: 9,217 ✭✭✭✭
Is China getting ready for a Financial Crisis in The USA? Sure looks like they wish to unhinge from our reserve currency shenanigans!
The Rothschild's have been warning us Big time also! http://tinyurl.com/y89c3oov What is surprising is how aggressively Rothschild has cut its allocation to US-denominated assets in just the past 6 months.
serf
https://www.weforum.org/agenda/2017/08/how-china-is-moving-out-of-debt-and-up-the-value-chain
Electronic
The Chinese government?s 13th Five-Year Plan (2016-2020) reflected its commitment to market allocation of resources and lowering the costs of doing business. And in 2015, the authorities? ?Made in China 2025? and ?Internet Plus? initiatives signaled a determination to take the country?s manufacturing base into the Internet age. Together, the two plans aim to integrate artificial intelligence (AI), robotics, and social media into manufacturing processes, and to digitize China?s economy and society.
Since 2015, China has taken the lead in e-commerce worldwide, with online purchases accounting for 18% of total retail sales, compared to just 8% in the US. China?s three leading tech platforms ? Baidu, Alibaba, and Tencent ? have grown to the point that they are beginning to compete with US-based global tech giants such as Amazon, Apple, Facebook, Google, and Netflix.
The Rothschild's have been warning us Big time also! http://tinyurl.com/y89c3oov What is surprising is how aggressively Rothschild has cut its allocation to US-denominated assets in just the past 6 months.
serf
https://www.weforum.org/agenda/2017/08/how-china-is-moving-out-of-debt-and-up-the-value-chain
Electronic
The Chinese government?s 13th Five-Year Plan (2016-2020) reflected its commitment to market allocation of resources and lowering the costs of doing business. And in 2015, the authorities? ?Made in China 2025? and ?Internet Plus? initiatives signaled a determination to take the country?s manufacturing base into the Internet age. Together, the two plans aim to integrate artificial intelligence (AI), robotics, and social media into manufacturing processes, and to digitize China?s economy and society.
Since 2015, China has taken the lead in e-commerce worldwide, with online purchases accounting for 18% of total retail sales, compared to just 8% in the US. China?s three leading tech platforms ? Baidu, Alibaba, and Tencent ? have grown to the point that they are beginning to compete with US-based global tech giants such as Amazon, Apple, Facebook, Google, and Netflix.
Comments
The debt they hold is worthless.
Hmmmmmm