Beijing tops list in new age of smart life
Print Edition
BEIJING is the “smartest” city in China, according to a report on the cashless society published yesterday.
The report measured the level of “smart cities” using different indexes, such as transport, education, shopping and food delivery, in 324 Chinese cities and polled over 6,500 residents on their use of mobile payments.
The capital finished top of the list in the penetration of a cashless society, followed by Shenzhen, Guangzhou and Shanghai.
The report also showed that 40 percent of Chinese carry less than 100 yuan (US$15) in cash when going out, while 52 percent only use cash for 20 percent of their monthly consumption.
Over 70 percent of respondents said they could live more than a week with 100 yuan in cash, while 84 percent were “comfortable” going out with only mobile phones, no cash.
The report was jointly published by Chinese tech giant Tencent, the Chongyang Institute for Financial Studies at Renmin University of China, and French market research firm Ipsos.
WeChat’s annual “Cashless Day” on August 8 aims to promote a green, fashionable and efficient lifestyle. Though a completely cashless society is unlikely, Tencent’s WeChat says, a new age of smart life has arrived.
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