The Chinese economy has got much stronger. It can now even be compared to the American one, which is viewed to be the world’s strongest economy. Washington clearly underestimates Beijing when saying that the China has been flourishing in the international markets exclusively at the expense of unfair trade.
China quickly integrated cutting-edge technologies into the everyday lives of the Chinese. At this point you can pay by card or online for virtually anything. Sometimes it seems like every Chinese uses their phones to pay for products and services on a daily basis. They say that in big Chinese cities, even homeless people have QR codes so that others could donate them some money using their mobile wallets.
According to the CEO of Baidu, China’s biggest search engine, while America was dreaming of becoming a mobile payment society, China already did it. At the same time, the founder of Meituan.com – a Chinese website merging the features of Angie’s List, OpenTable, TripAdvisor, Booking.com, Grubhub, Fandango, Yelp – says that he has the biggest delivery service in the world, with over 300 000 employees delivering food and other stuff to 10 million Chinese user of mobile wallets in a daily basis. All in all, 700 million people make online transactions every day. This provides for a massive bulk of valuable data that can be further used for defining trends and developing new software based on artificial intelligence.
While President Trump is trying to quit the climatic agreement, China is getting rid of conventional energy replacing it with green energy. Today’s job market in China is focused on two directions – software development and green energy.
