E-payments will support China’s economy on track: Moody’s

china

Beijing, June 21: China’s online consumer market growth is growing by the payment of third-party electronic items, it will support its economy’s rebalancing, a Moody’s report said.

The growth of the third-party e-payments in China has increased more than 100 per cent since 2015, offering consumers to pay at lower cost, said the credit rating agency.

The growth stimulates online consumption and services and overall growth of e-commerce would encourage China’s economic rebalancing, Moody’s said.

Wefornews Bureau

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