I'm so proud that with the rapid development of the Internet in China, our mobile payment has become the envy of other countries.

我很骄傲，随着中国互联网的快速发展，我们的移动支付令其他国家非常羡慕。

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Mobile payment is turning China into a "cashless society" led by the third party payment companies like Alipay.

移动支付正在把中国变成一个由支付宝等第三方支付公司主导的“无现金社会”。

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Likewise in the m-commerce market, the Apple App Store model is not successful in China, as payment issues continue to plague all Chinese m-commerce sites with industry insiders whispering about recent high bad debt figures generated by Chinese iPhone users utilizing fake credit cards for game downloads.

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Aside from the infrastructure, which Japan simply transferred to China once the in-kind payment in resources had been made, China also got a whole lot of know-how.

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But at a meeting of U.S. film studios organized by the Motion Picture Association of America last week, a senior executive from Fox told other international distribution professionals in attendance that China Film was attempting to reduce its payment on "Life of Pi" released last year in China due to the new value-added tax.

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