China has a super dynamic payment market and its economy has strong resilience, said CEO of Mastercard Michael Miebach, who joined the U.S. business delegation accompanying President Donald Trump on his just-concluded state visit to China.
Trump on Friday wrapped up his three-day visit to China at the invitation of Chinese President Xi Jinping, marking the first visit by a U.S. president to China in almost nine years, since President Xi hosted Trump in the Chinese capital in November 2017.
On Thursday morning, Xi and Trump held talks at the Great Hall of the People in Beijing, during which the two leaders agreed on a new vision of building a constructive bilateral relationship of strategic stability, and steering the giant ship of China-U.S. relations in the right direction.
In an exclusive interview with China Global Television Network (CGTN), Miebach shared his insights on the new positioning of China-U.S. relations.
"Constructive, stable, sounds like something that businesses want as well, that's certainly what we want. So, when I think about our, now, tenure here in China -- since we first came here, it's been a long-standing journey -- it's all about driving exactly that dialogue with our partners, and we launch large retailers, the large banks where we engage in the same way. I think it's important though. These are abstract words. So if you just zoom out a little bit and say what do we actually see?" Miebach said.
"So through the lens of our industry, we see a super dynamic payment market. So the payment ecosystem here offers more choice than many other places around the world. But I'm always intrigued by the focus on making everyday life better for the people here. So it's not just for the sake of technology, really solving problems, tier three cities and rural areas, for small businesses. We love that, and we want to be engaged, and that is what we're doing. I think it's also really interesting to see with the ups and downs of the global economy, how resilient China's growth has been," he said.
China has super dynamic payment market, its economy remains resilient: Mastercard CEO
