The PBOC has proposed regulations to limit daily and annual online transactions of third-party payment tools such as Alibaba's Alipay. Photo: David Wong The PBOC has proposed regulations to limit daily and annual online transactions of third-party payment tools such as Alibaba's Alipay. Photo: David Wong
The PBOC has proposed regulations to limit daily and annual online transactions of third-party payment tools such as Alibaba's Alipay. Photo: David Wong
George Chen
Opinion

Opinion

Mr. Shangkong by George Chen

China's digital economy faces mindset challenge with Li Keqiang's internet push at odds with new online payment regulations

As the pace of innovation picks up, it's time for China's old order to embrace new technology

George Chen
George Chen

Updated: 12:44pm, 3 Aug, 2015

Why you can trust SCMP
The PBOC has proposed regulations to limit daily and annual online transactions of third-party payment tools such as Alibaba's Alipay. Photo: David Wong The PBOC has proposed regulations to limit daily and annual online transactions of third-party payment tools such as Alibaba's Alipay. Photo: David Wong
The PBOC has proposed regulations to limit daily and annual online transactions of third-party payment tools such as Alibaba's Alipay. Photo: David Wong
READ FULL ARTICLE