E-Payment Industry Growing in China, Despite Risks

Alipay and Wechat QR codes for online payment are displayed as a vendor gives vegetables to a customer at a vegetable stall at a market in Nantong in China's eastern Jiangsu province on Sept. 10, 2018. STR/AFP via Getty Images

News analysis

The electronic payment (e-payment) industry and RMB digital business have been rapidly pushing forward over the past year in China, highlighting the way money will be more easily controlled by the ruling Chinese Communist Party (CCP).