WTO_watcher

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    • ON: Sun Mar 30th 19:19 PM
      Commented on:
      Visa IPO Aftermath: Europe’s in Trouble, China’s Buying in Bulk
      The China UnionPay System 's monopoly will need to end next year as determined by the World Trade Organization. This is one of the "small" things that China 's Financial system needs to do in order to keep up with the rest of the world financial community. That will leave the system open for competition (within China) where Visa, Mastercard, and others will be able to get in.
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