China Communication Industry Revs Up 10.7% YoY -- According to China's Ministry of Information Industry (MII), China's communication industry recorded revenues of 309.68 billion Yuan in the first half of 2005, up 10.7 percent year on year. Fixed line users increased by 25.68 million subscribers in the first half of the 2005, while mobile users increased by 28.34 million users. Little Smart users increased by 14.88 million to hit 79.75 million total users. Broadband subscribers increased by 6.78 million in the first six months of 2005 to 31.65 million subscribers. Short messaging (SMS) volume hit 139.25 billion messages, up 39.8 percent year on year.
Alternative Payment Methods (APMs) – comprising digital wallets, instant payments, and QR payment systems – are experiencing explosive growth that's reshaping the global financial services marketplace. According to the latest worldwide market study by ABI Research , the combined global transaction value for APMs is projected to reach $142 trillion by 2030. What's particularly fascinating is the underlying driver behind this trend: a growing desire for financial sovereignty, with nations developing domestic payment ecosystems rather than remaining dependent on international financial networks. Payment Ecosystem Market Development In 2024, approximately 45 percent of the global population used digital wallets – a remarkable adoption rate for a technology that barely existed a decade ago. China leads this transition, with 95 percent of its population using WeChat's payment functionality. WeChat exemplifies the "super app" phenomenon, where payment capabilities are in...