Mobile payments continue meteoric risepayment deals has jump

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Mobile payments continue meteoric risepayment deals has jump

Use of China’s mobile payment services has skyrocketed over the past five years, with total transactions covered reaching 277.39 trillion yua

n ($41.51 trillion) in 2018 — a more than 27-fold increase from five years ago, according to the central bank.

A total of 60.53 billion mobile payment transactions were conducted last year, as a repor

t released by the People’s Bank of China Monday shows, while the figure was only 1.67 billion back in 2013.

From around 2013, with online payments dominant and mobile payments only nas

cent, to 2018, which saw mobile payments outpacing the domestic market, it is easy to observe a mo

bilization trend in payment structures, Xue Hongyan with the Suning Institute of Finance told Securities Daily.

The number of China’s online payment deals has jumped from 23.67 billion in 2013 to 2018’s 57.01 billion, and trans

action value more than doubled to 2,126.3 trillion yuan in 2018 from 1,060.78 trillion yuan five years earlier.

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Liu Gang, the founder of PayNews.net, a Hangzhou-based

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.

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Wan said the facial recognition system was developed

on Baidu’s EasyDL platform, a no-code tool that helps users build customized mac

hine learning models. The system was “trained” with thousands of images of cat faces.

The temperature inside the smart cattery is maintained at 27 degrees, at which cats feel most comfortable and relaxed.

It also has a ventilation system that monitors the air inside in real time.

Wan said stray cats in the neighborhood are more nervous at first and just wander aro

und curiously. After one brave mongrel made the first visit, others followed.

Stray cats are often emotionally sensitive, so the door will not close the minute a cat enters. The anima

l will have time to get used to the cattery without being jittery. Seven or eight cats come to rest in the shelter every day.

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He went into hiding in 1996 and was finally arrested in 2008

Serbian capital, Belgrade. Karadzic was heavily disguised by a white beard, long

hair and spectacles, living under a false identity as a “spiritual healer.”

Karadzic is the highest-ranking political figure to have been brought to justice over the bitter ethnic conflicts of the 1990s.

Wednesday’s judgement was handed down by the UN’s international residual mechanism for cr

iminal tribunals, which deals with cases left over from the now dissolved courts for the former Yugoslavia and Rwanda.

In November 2017 the court also sentenced former Bosnian Serb army leader Ratko Mladi

c to life in prison after finding him guilty of genocide for atrocities committed during the Bosnian war from 1992 to 1995.

Mladic was charged with two counts of genocide and nine crim

es against humanity and war crimes for his role in the conflict in the former Yugoslavia fro

m 1992 to 1995, during which 100,000 people were killed and another 2.2 million displaced.

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New Zealand Police Commissioner Mike Bush said Wedn

esday that 21 victims had been identified, but warned it would take longer than expected to formally identify all of the deceased.

A mass funeral is expected Thursday when an unknown number of victims will be interred.

Salwa had wanted a separate, faster funeral for her husband and son, Akil said.Flowers and signs have been laid at mem

orial sites around the city for victims who were killed in last Friday’s attacks in Christchurch, New Zealand.

Wednesday’s ceremony started after midday. A procession of cars slowly turned throug

h the gates into Memorial Park Cemetery, past armed police officers and towards a tent screened off by a white fence.

Through the windows of a minivan, one guest could be seen with bandages around his head.

Volunteers in yellow hi-vis vests corralled the guests — some had come fro

m other cities, others from overseas, to lend their support to their wider Muslim family.

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Less likelybut not impossible — is that the EU refuses a delay

European diplomatic sources have been clear over the past few months that any kind of extension would be far easier to swallow if the UK made clear its long-term

intentions, rather than putting things off for no reason. To put it mildly, clarity has hitherto not been Britain’s strong point.

Any Brexit delay requires the unanimous approval of the European Council, the EU’s supreme decision-making body that includes the leaders of each member sta

te, meeting in Brussels this week. This is where difficulties begin. Since the start of the whole process, Brexiteers have bold

ly asserted that the unity of the EU27 would eventually crack and the UK could finally get its way.

It didn’t. To date, the EU has stood firmly by the dea

l it reached with the UK — the so-called Withdrawal Agreement — insisting it was locked down and ready for Britain to approve.

But given the UK Parliament’s reluctance to do so, and the consequent prospect of a dela

y to Brexit, something interesting has happened. For the first time in the Brexit process, we are

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UK political commentators have speculated that chang

  es to the political declaration associated with the deal could be enough to meet the speaker’s requirements. It has even been suggested that the gover

nment could ask the Queen to prorogue Parliament and start a new session to get around his ruling.

  Solicitor General for England and Wales Robert Buckland told the BBC that “we’re

in a major constitutional crisis” and that Bercow’s ruling has “given us a lot to think about.”

  May already faced an uphill task to get her deal past parliament, requiring 75 MPs to chang

e their minds. In an effort to get her deal over the line, Cabinet ministers spent the weekend in talks with the No

rthern Irish Democratic Union Party, or DUP. The DUP’s 10 MPs, who prop up May’s minority government, ha

ve so far opposed the deal. It is thought that if they switch sides, Brexiteer Conservatives will follow.

  It seems unlikely the Prime Minister will attempt to hold a new

vote on her deal before a European Council summit in Brussels at the end of this week.

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Since the massacre, Ardern, at 37 the world’s younge

  st female head of government, has spoken with emotion and empathy, reassuring families and updating the public with the latest on the investigation.

  It has been her face — and not that of the suspected shooter — that has come to dominate media coverage.

  As the suspect– thanks in part to a ban on publishing certain details about him — has be

en forced into the background, facing punishment but denied the fame he desired, Ard

ern has earned international praise for her handling of the event, which has thrust her into

the unwelcome role of, as she put it, voicing the grief of a nation.While Ardern has provided

a point of stability for all New Zealanders as the country continues to reel from a terror attack

that weeks ago would have seemed implausible, her actions have personally touched the relatives of t

hose who died in the massacre, which tore apart a close Muslim community in this small city of around 400,000 people.

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We are not here to deliver the Cup and leave. We are here

to stay by making big investments,” said the 38-year-old Greek.

“Of course our sport is very popular in China and organizing the Cup will make it even more popular. A good perfo

rmance by the national team will give it an extra boost. We are harnessing our potential under the leadership of Yao Ming.”

FIBA’s footprint in China has become more noticeable in recent ye

ars. Last June, the governing body unveiled plans to build a “one-of-a-kind” basketball aca

demy in Beijing in conjunction with Beijing Enterprises Group Company Limited to foster young Chinese talent.

And, in collaboration with the CBA, the first-ever FIBA World Basketball Summit was held in Xi’an, Shaanxi province in October.

President Xi Jinping on Monday presided over a symposium in Beijing for teachers of ideological and political theory.

Xi, also general secretary of the Communist Party of China Central Committee

and chairman of the Central Military Commission, delivered an important speech at the symposium.

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Reasons abound as to why the cat economy is flourish

ing in China. For one, pet cats are good stress-busters. And in these hectic, stressful times in urban areas, they could prove very useful, experts said.

Agreed Huang Xinyi, 28, a Beijing-based film producer. “Every time my cat purrs at me

, head-butts my face, and rubs against my leg, I want to hug him and kiss him all over.”

Many of her generation, aged 25 to 35, are busy pursuing busy careers in cities, far from their

hometowns. “I get lonely sometimes, but my cat has always been good company,” Huang said.

“Moreover, cats are more independent. I don’t have to walk my cat every day, but I play with him whenever I find some spare time.”

That is important for most young people struggling to find work-life balance in urban areas due to hectic lifestyles.

According to a report from Frost & Sullivan China, keeping cats for pets costs a little less than maintaining dogs.

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