is a region in transition. Since the beginning of the 21st century, thi
s region has come across political struggle between new capitalistic groups and old b
ureaucratic factions, as well as political turmoil as a result of the huge gap between the rich and poor.
Indonesia is also going to hold a presidential election in April. These upcoming electi
ons have sent a clear signal that Southeast Asian countries long for political stability and development.
The Thai election can give confidence to other countries in the region. After all, with very few exc
eptions, the junta can return power to the people through elections.
As for China-Thailand relations, historically, no matter which
government came to power after several coups, the direction of bilateral ties has never chang
ed. The cooperation between China and Thailand has become the common aspiration of the two peoples and is in their mutual interest.
Digital transferring platforms run by China’s leading internet companies weathered mounting pressure from online transactions during the Chinese New Year c
elebrations with peak transfers reaching as high as 44,000 deals per second, domestic media reported on Tuesday.
As of late Monday, “red envelopes” worth 3.5 billion yuan was transacted through social media payment systems, according to Chinese media reports.
Sending “red envelops” stuffed with money through online payment tools to relative
s, co-workers and friends has become a new defining item for billions of Chinese during the Spring Festival.
The record occurred three seconds past midnight – the New Year’s Eve leading up to the Year
of Pig, Nets Union Clearing Corporation (NUCC) said, according to a report by chinanews.com on Tuesday.
The NUCC was founded by 45 shareholders, including 38 payment institutions, to en
sure effective regulation and transaction security. The People’s Bank of China, the country’s central bank, is the largest shareholder.