TY - Report AU - Aaron Klein PY - 2019 T1 - Is China’s new payment system the future? PB - Brookings Institution DO - https://doi.org/APO-243476 UR - https://apo.org.au/node/243476 AB - China’s new system is built on digital wallets, QR codes, and runs through their own big tech firms: Alipay running through Alibaba (China’s version of Amazon) and WeChat Pay running through Tencent (China’s version of Facebook). ER -