China has embraced mobile payments probably more than any other place in the world. WeChat has WeChat Pay, and Alibaba has Alipay.
"The most improved African countries year-on-year are Madagascar (121st, up seven places), Gambia (117th, up six), Kenya (91st, up five), and Senegal (106th, up six), thanks either to an improved macroeconomic environment (Madagascar and Senegal) or to the efficiency of goods, labor, and financial markets (Gambia and, to a lesser extent, Kenya), the report says.
According to the indictment, Xiang took advantage of his position to gain benefits for enterprises or individuals, then accepted huge bribes either paid in cash or property.
As the world's second-largest economy extends its welcoming arms to the rest of the world, what opportunities lie ahead for the US, its nation and companies?
Yu Haiyan, former vice-governor of Gansu province, was also accused of bribery by the Chongqing Municipal People's Procuratorate No 1 Branch.
Luke Tang, general manager of Mountain View-based TechCode Accelerator, echoed Applbaum's sentiments on alleviating restrictions.
As a public company, Sanwei Group will also face penalties imposed by the Ministry of Ecology and Environment and the China Securities Regulatory Commission.
They are the types of companies that can rebut the outdated question of whether China can make its own stuff, or, more precisely, can innovate and turn that process into profits.