VIP Class Notes (Phil)

today discussed Apps and chinese development of apps

Vocabulary

off shore account/ business – an account set up in another country usually an island to avoid tax or launder money.

catch up – to get on the same level as someone

China wants to catch up in the area of technology

overtake – to get a higher position over someone/something

China might overtake the US in technological development

scooter – electric bike

Labour cost – cost of paying someone to do a job

The labour cost in china is lower than western countries.

official / un offcial

to give feedback – to give opinion about service or product

In china it is easy to give feedback on APP performance.

Cashless society – can use mobile payment systems/payment apps and cards instead of cash in all places

i am convinced that china is the closest to being a cashless society.

run out of battery – battery dies

my mobile phone ran out of battery