New services enable Chinese to transfer money, using mobile devices, into funds that earn 17-fold more interest than state-controlled banks offer.
By Bloomberg News|January 14, 2014 at 09:56 AM
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Rebecca Ning, along with 43 million other Chinese, has found a way to make about 6 percent annually, or 17 times her usual interest rate, by tapping her phone and using technology that’s disrupting China’s banking status quo.
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