Cash is king - for now: China signals it will slow transition to cashless society | Chi... - 0 views
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dr tech about 7 hours ago""Elderly Chinese still often prefer to pay with cash and some struggle with using mobile payments." Less than a year ago, state media was lauding China's trajectory towards becoming the world's top country for cashless transactions. Xinhua reported cash had dropped to just 3.7% of the total money in circulation. But in recent months China's government has appeared to push back, with numerous announcements about "streamlining" payment systems for visitors and elderly people."