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Seems there is alot of bad news coming out of the mainland these days. hopefully they can reverse course and change this downward trajectory they are on.
Thanks to china, philippines, indonesia are all re-arming. Previously, they only use second hand navy patrol boats. But have now even build submarines in their dockyard.
Philippines just acquired intermediate range anti-ship missiles from india.and patrol boats from israel.
but for large cash withdrawals or transfers still must go to bank to fill out forms and sign papers. same in u.s. with apple pay. there's a $3k limit per transaction. i've been receiving rent and paying others including $6.9 lunch for a banh mi sandwich with apple cash. no need to touch money, no need to touch buttons at point of sale. just double click start button on iphone and go.
More banks are going to collapse.. Not just in China but the rest of the world as well. Don't worry people, all of you will have a monthly income even without working.