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Author Topic: China moves further towards cashless society  (Read 567 times)
zubrr51
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October 06, 2018, 12:04:05 PM
 #61

The desire for cashless payments is normal for modern society. In addition, you do not need to spend money on the production of bills and coins.

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ripthesystem
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October 06, 2018, 12:38:26 PM
 #62

Abruptly excluding cash form of payment from stores is not the right way to proceed to cashless payment.
You can`t expect 100% of population to be aware of cashless payment - transition shall be done gradually.

Other than that, this is very positive trend - cashless payment is much more convenient to my taste.
Bitcotalk
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October 08, 2018, 07:49:46 AM
 #63

I think that is just a small side of a big city in China. In fact, China has many places where there are poor people. We should not just look at one aspect of the whole country.
That is right. The fact that China has a very high GDP is just because of its production sector and huge exports and this sector is run by labors that get minimum wages.

I do agree that there might be allowances given by the government but the GDP per capita is exaggerated for not all the people have the similar income and the richest of them are over masking the poor. SO it is not very easy to completely shift to the cashless society.
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