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China's financial regulator is shifting the focus of its approach to small-business lending away from aggressive loan growth targets toward higher-quality and more sustainable credit support that better aligns with the real financing needs of micro and small enterprises as well as the broader economy.
Tencent said on Wednesday that United States users of PayPal will be able to pay at tens of millions of Weixin Pay merchants across China by scanning QR codes, marking one of the most extensive integrations yet between China's mobile payment ecosystem and foreign digital wallets.
Infographic:
China-US cooperation: Mutual benefits, broad reach
Infographic:
China-US economic ties: The path ahead
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