The Cashless Revolution
China's Reinvention of Money and the End of America's Domination of Finance and Technology
by:
Martin Chorzempa
in:
Economics
Summary:
The book explores how China has transformed its financial system through the adoption of digital payments and fintech innovations, challenging the traditional dominance of the United States in finance and technology. It delves into the implications of this shift for global economic power dynamics and the future of money as we know it.
Key points:
1. China's Digital Payments: The book likely covers how China quickly moved to using digital payments like Alipay and WeChat Pay, making cash less common.
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