Photo: AFPAlmost daily, newspapers in the US, Europe and China release eye-catching headlines about China’s technological advances and economic prowess. No matter how warm the ties between China and Bolivia, sheer distance will always limit their bilateral trade volumes. By contrast, despite frosty relations, large amounts of trade and investment flow between China and Taiwan owing to proximity and shared language. Take mobile payments, where China is the clear world leader. They can use cash, credit cards, debit cards with major payment networks, cheques, PayPal and, more recently, mobile payment systems such as Apple Pay.

Source: Mint December 04, 2017 18:22 UTC