China eases grip on foreign credit cards
China is taking a step to ease its monopoly over the handling of credit card payments and allow foreign companies such as Visa, MasterCard, American Express and other electronic payment processors to build their presence in the country.
In the news: China opens up to Visa and MasterCard, CNR and CSR discuss merger and Xi calls for FTZ expansion
This week international credit card firms were allowed to set up clearing operations in China, train manufacturers CNR and CSR started merger talks to compete on a global scale and the president encouraged expansion of free trade zones to other parts of the country
By
clpstaff
& clp articles