I recently learned that as of two years ago, anyone who uses WeChat Pay or Alipay in China has to have a Chinese bank account, AND that paying for things with cash is difficult.
In other words, it seems increasingly hard for visitors to China to live and get around.
In other words, it seems increasingly hard for visitors to China to live and get around.
I might be overstating the importance of these changes, but it seems like just one more way that it's getting harder for foreign companies to do business in China.
Which could be part of a more general move toward Chinese national closure and isolation.
Which could be part of a more general move toward Chinese national closure and isolation.
Maybe now that China is A) slowing down economically, and B) being targeted in a trade war, it feels like there's little reason *not* to start closing off the country to outsiders.
This is the "forest-cutting" theory of China:
This is the "forest-cutting" theory of China:
