According to Network Information Centre, a state-backed agency, 469 million people in China used their smart devices to make payments in 2016, an increase of 31.2 per cent from a year ago. Photo: Imaginechina

How financial technology is driving Chinese consumer spending

With mobile payments and quick cash loans just a click away, mainland consumers are more willing to spend their money, say analysts

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According to Network Information Centre, a state-backed agency, 469 million people in China used their smart devices to make payments in 2016, an increase of 31.2 per cent from a year ago. Photo: Imaginechina
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