China is a basket case....

GentleGeorge · 10-12-2020, 09:12 PM

Originally Posted by East_coast:

Surely the claims that the great protectionist wall of China has resulted in a few state sponsored monopolies that have developed technology that have skipped the need to roll-out credit card infrastructure is not a great leap but it is really just as innovative as Kenya skipping fixed land-line telephones (Some Countries in Africa are way ahead of China in terms of bankless payment systems). It happened as it was cheaper to roll out not that it is a killer user experience. Slowly cardless payments are happening in the west but Paywave is a much better tech to use and in HK Paywave has become the contact payment of choice for mid value spend.

Agree?

Yes I think we are saying the same thing

Leapfrogging legacy technologies is not unique to China

East_coast · 10-12-2020, 10:33 PM

Originally Posted by GentleGeorge:

Yes I think we are saying the same thing

Leapfrogging legacy technologies is not unique to China

And it is not that clever.

GentleGeorge · 12-12-2020, 06:05 PM

Originally Posted by East_coast:

And it is not that clever.

Not clever at all.

And worse, it's making life really difficult for their elderly citizens.

https://www.scmp.com/week-asia/opini...-who-pay-price

Heartless bastards.

East_coast · 23-12-2020, 08:45 AM

It all seems so undiplomatic

https://www.reuters.com/article/us-g...-idUSKBN28W2HV

Coolboy · 23-12-2020, 09:32 AM

Originally Posted by East_coast:

It all seems so undiplomatic

https://www.reuters.com/article/us-g...-idUSKBN28W2HV

The problem with China's "wolf warrior" diplomacy is that it was meant for its domestic audience at home, to boost nationalism by showing China can stand up to diplomatic or verbal attacks. But the issue is, it has unintended consequences for other countries in worsening China's image. China may have meant these tough messages for home viewing, but on the international stage, it is also directed at all other countries, whether China wants it or not. So the net effect is that China's image is worsening dramatically, regardless of Trump's verbal attacks.

Maybe at this point China doesn't care what the rest of the world thinks. Ok, but in that event Beijing should not be shock if its cooperative gestures are brush aside or ignored by the rest of the world.