online news service focusing on China’s mobile payment industry, said to Securities Daily he
expects the run-up of cashless payments will maintain for three to five years until it takes up as much sha
re of consumption as possible, as consumers incrementally wade farther into cashless payments.
Data from PBOC revealed banking financial institutions in 2018 conducted 220.31 billion deals in non-cash paym
ents involving 3,768.67 trillion yuan, a rise of 36.94 percent and 0.23 percent year-on-year respectively.
In the same period non-banking payment institutions, mainly referring to third-party online payment service providers, had 530.61 b
illion deals, surging 85.05 percent, and the transaction volume was 208.07 trillion yuan, up 45.23 percent fro
m the previous year. Mobile payment platforms Alipay and WeChat Pay occupy over 90 percent of market share.
By the end of 2018, a total of 424 commercial banks and 115 payment institutio
ns were connected to a unified clearing platform set up by the Payment and Clearing Association of China, PBOC said.
Another three prototypes for China’s first homegrown large passenger jet, the C919, will conduct their maiden flights this year, follow
ing the success of a third one on Dec 28, 2018, according to the Commercial Aircraft Corporation of China Ltd (COMAC), the maker of the jet.
The 104 prototype test aircraft of the China-made C919 has entered its final assembly stage, the 10
5 is undergoing the assembly of major components, and the main components of the 106 are in pro
duction. The maiden test flights for all three new prototype jets are expected to take place before the end of 2019.
The addition of these three would bring the total number of C919 prototype test aircraft to six.
To date, domestic and overseas buyers have placed orders for 815 of the China-m
ade C919 aircraft.Chinese communities around the world welcomed the Year of th
e Pig on Feb 5, ushering in Lunar New Year with prayers, family feasts and shopping sprees.
Celebrations took place across the globe, ranging from Southeast Asia’s centuries-old Chi
nese communities to the more recently established Chinatowns of Sydney, London, Vancouver, Los Angeles and beyond.
ower than the average salary for engineers in the state, which is about $60,000. In addition, having employees work 50-60 hours a week would be difficult.
“The US educational system is probably not even generating enough for the current deman
d in the United States with the economy strong and high-tech industry developing well,” said Jason Dedr
ick, professor at the School of Information Studies at Syracuse University.
“You already have a lot of companies, Google, Facebook, Amazon and so on, com
peting for those engineers. Apple or rather its suppliers, will be trying to hire en
gineers in a market that’s already pretty tight. It would not be really easy to do that hiring really quickly,” he added.
engineers, the college plans to expand their enrollment from around 4,500 to 5,200 in
the next few years. But after graduation, how many of the students will be hired by Foxconn is hard to say.
Robertson said many companies in need of e