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From Our Own Correspondent

Cash, Credit and Control in China

From Our Own Correspondent

BBC

News, News Commentary

4.41.3K Ratings

🗓️ 14 September 2019

⏱️ 29 minutes

🧾️ Download transcript

Summary

Paper money is going out of fashion in China, but is the rise of mobile payments about convenience or control, asks Celia Hatton?

Mark Lowen reflects on the 5 years he has spent reporting from Istanbul and beyond.

Juliet Rix travels to the far east of Russia, where she finds a community trying to reconcile tradition with modern-life.

'Gravity biking' involves hurtling down precipitous mountain roads on specially-modified bikes. Simon Maybin meets a group of 'gravitosos' in Colombia and finds they have a complicated relationship with death.

Presented by Caroline Wyatt.

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, music radio podcasts.

0:04.7

Hello today.

0:06.7

Extreme cyclists dice with death on Columbia's mountain roads.

0:11.2

The common culture and challenges of the indigenous people of the Arctic, and

0:16.5

our correspondent says farewell after a tumultuous term in Turkey. But first, cash machines may soon become a thing of the past in China, with

0:27.1

digital payments taking over in many of the country's major cities. Whether you're buying a

0:31.9

coffee or paying for a taxi, it's all paid for through

0:35.1

a smartphone. But this can leave the occasional visitor caught out as our correspondent

0:40.8

Celia Hatton discovered. And it made her wonder whether this new cashless society

0:46.1

is really about convenience or control.

0:50.0

A few weeks ago I found myself stranded in the center of Beijing, a city I lived in for 14 years,

0:57.7

and a place I still consider home, even during a short summer visit.

1:02.4

My problem? I had cash in my pocket,

1:05.0

but I couldn't use it to pay for any available form of transport.

1:09.0

It was a hot, smoggy night, and I was stuck. It was one of my first nights back and I had received

1:15.6

a last minute invitation to meet some old friends at a restaurant that was impossibly far away.

1:22.0

But taxis were always available, I reasoned, even in rush hour.

1:26.4

45 minutes later, I discovered a hard truth. Taxis that accepted cash had all but disappeared.

1:34.0

I spotted fashionable types sliding into air-conditioned cars

1:38.5

that had clearly been summoned with a mobile phone.

1:41.5

With a mounting sense of dread I realized I couldn't do the same. I no longer had a

1:47.4

Chinese bank account and that meant I couldn't use my phone to pay for anything.

...

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