It could be goodbye to the banks if WeChat takes over the world


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Common readers know that I’ve been very constructive in regards to the Chinese language One Belt One Highway initiative to the purpose of spending time with Professor Wang Yiwei of the Renmin College in Beijing the place he’s the director of the Centre for European Research. He’s written two books on One Belt One Highway by which he not solely explains the big potential for the expansion of worldwide commerce, he additionally addresses the suspicions that some maintain. He’s of the view that wholesome, mutually useful buying and selling relationships present the premise for fixing any points that come up between nations.

I agree with him. The best way to develop alternative in any subject is to have interaction and construct relationships.

Because of the huge population of China, social media sites like WeChat are used by hundreds of thousands - if not millions - of users.

Due to the massive inhabitants of China, social media websites like WeChat are utilized by a whole lot of 1000’s – if not tens of millions – of customers.Credit score:Reuters

The Victorian authorities understands this and final week it signed an MOU with the Individuals’s Republic of China to take part, whereas our federal authorities sits on the sidelines. Victoria’s Daniel Andrews was the one premier to be invited to the belt and street discussion board which befell in China final yr. The state has had robust commerce and cultural relationships for a few years and is properly positioned to profit from China’s inevitable rise to grow to be the largest economic system on the earth.

It’s already our greatest buying and selling companion and enterprise leaders from Australia proceed to plan their operations with the Center Kingdom. We needs to be assured sufficient in ourselves to have the ability to take care of China in addition to preserve our long-standing relationships with Nice Britain and the USA.

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