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In urban China, cash is increasingly becoming an obsolete commodity

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Published Mon, Jul 17, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Shanghai

    THERE is an audacious economic experiment happening in China.

    It has nothing to do with debt, infrastructure spending or the other major economic topics du jour. It has to do with cash - specifically, how China is systematically and rapidly doing away with paper money and coins.

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