Due to technological advances, it has become easier to process payments without the use of paper currency. From PayPal to Venmo to Apple Pay, more transactions—both business and personal—are done electronically than in the past. As of 2015, 32% of all transactions in the U.S. were made using cash and 11% were made electronically. Taking […]
Boosting Private Sector Confidence in Chinese Public-Private Partnerships
Since late 2013, the Chinese Central Government has been promoting and developing Public-Private Partnerships (PPP) to stimulate the economic growth. PPPs leverage private sector capital, efficiency, and innovation, while mitigating the pressures of local governments’ constrained budgets. So far, progress has been slow. Among the 7,721 projects recorded under the official PPP Comprehensive Information Platform […]