It's a pretty useless comparison tbh, most of the popular resources generate their traffic through apps nowadays. For example, I doubt that TT's web version generates even 10% of the total viewership. It is pretty gimped and generally offers worse user experience compared to the app.
Chinese Economics Thread
- Thread starter Norfolk
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This is another case of Evergrande where the state banks had lent too much money.
Tourism investments can be fixed by diverting tourists from foreign travel to local trips. Too much money has been spent on Japan and Thailand trips anyway.
Chinese consumer power and the growing use of non-western payment systems.
UnionPay Topples Visa to Become World’s Most Used Debit Card in 2022, Nielsen Says
Liao Shumin DATE: 4 hours ago
UnionPay Topples Visa to Become World’s Most Used Debit Card in 2022, Nielsen Says
(Yicai Global) May 29 -- China UnionPay overtook the US’ Visa for the first time last year to claim its place as the world’s most popular debit card provider, according to the latest research.
UnionPay seized 40.03 percent of the world’s debit card market in 2022, an increase of 1.39 percentage point, while Visa held 38.78 percent of the market, a dip of 0.82 percentage point, according to a recent report by US market research company Nielsen Holdings.
There were a combined 624.86 billion transactions made last year using credit, debit and prepaid cards from Visa, UnionPay, Mastercard, American Express and other major bank card providers, an increase of 7.5 percent from the year before, New York-based Nielsen said. Debit cards accounted for 63.8 percent of these transactions.
In terms of both credit and debit cards, Visa topped the world’s market with a 38.7 percent share, UnionPay came in second with 34 percent and Mastercard was third at 24 percent.
Which countries are offering UnionPay based credit cards?
Take your UnionPay cards (card number starting with 62) to have an easy trip to America and enjoy more privileges. In the US, over 80% merchants accept UnionPay credit cards for payment via signature verification.
Miss Keyu Jin is such an articulate woman, economist, and speaker. Her ability to cut through complex national economic issues that's in contention between China and America is just fantastic. Her ability to convey China's ambition and humanizing it to people that are deathly afraid or concern of China's rise is equally inspiring.
This is in away a good thing. Chinese local government financing is unsustainable. The problems in Guizhou and elsewhere in China shows you that the system is beginning to unravel. The question is will China be able to manage the pain and create a new more sustainable sysem or will this be just like with the housing market one step forward two steps back.
these are not great numbers when considering we are no longer in a lockdown. Consumer spending has been up, but export weakness is definitely hurting things