Is China Ready for a Cashless Future?

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Is China Ready for a Cashless Future? SCAN HERE How soon will China go fully cashless? ILLEGAL TENDER What Happened to China’s Bitcoin Boom CRACKING THE QR CODE We Try Beijing’s Staffless Stores Is China Ready for a Cashless Future? Follow us on WeChat Now Advertising Hotline 400 820 8428 城市漫步北京 英文版 4 月份 国内统一刊号: CN 11-5232/GO China Intercontinental Press ISSN 1672-8025 APRIL 2018 WWW.THATSMAGS.COM | APRIL 2018 | 1 主管单位 : 中华人民共和国国务院新闻办公室 Supervised by the State Council Information Office of the People's Republic of China 主办单位 : 五洲传播出版社 地址 : 北京西城月坛北街 26 号恒华国际商务中心南楼 11 层文化交流中心 邮编 100045 Published by China Intercontinental Press Address: 11th Floor South Building, HengHua linternational Business Center, 26 Yuetan North Street, Xicheng District, Beijing 100045, PRC http://www.cicc.org.cn 社长 President of China Intercontinental Press 陈陆军 Chen Lujun 期刊部负责人 Supervisor of Magazine Department 邓锦辉 Deng Jinhui 编辑 Editor 朱莉莉 Zhu Lili 发行 Circulation 李若琳 Li Ruolin Editor-in-Chief Noelle Mateer Deputy Editor Dominique Wong National Arts Editor Erica Martin Digital Content Editor Justine Lopez Designer Iris Wang Contributors Dominic Ngai, Mia Li, Gabriel Clermont, Kris Provoost, Edoardo Donati Fogliazza, Jonty Dixon, Alex Long, Sid Gulinck, Matt Bosson, Zheng Zhong, Holly Baer HK FOCUS MEDIA Shanghai (Head office) 上海和舟广告有限公司 上海市蒙自路 169 号智造局 2 号楼 305-306 室 邮政编码 : 200023 Room 305-306, Building 2, No.169 Mengzi Lu, Shanghai 200023 电话 : 021-8023 2199 传真 : 021-8023 2190 (From February 13) Beijing 广告代理 : 上海和舟广告有限公司 北京市东城区东直门外大街 48 号东方银座 C 座 9G 邮政编码 : 100027 48 Dongzhimenwai Dajie Oriental Kenzo (Ginza Mall), Building C, Room 9G, Dongcheng District, Beijing 100027 电话 : 010-8447 7002 传真 : 010-8447 6455 Guangzhou 上海和舟广告有限公司广州分公司 广州市越秀区麓苑路 42 号大院 2 号楼 610 房 邮政编码 : 510095 Room 610, No. 2 Building, Area 42, Lu Yuan Lu, Yuexiu District, Guangzhou, PRC 510095 电话 : 020-8358 6125, 传真 : 020-8357 3859-800 Shenzhen 广告代理 : 上海和舟广告有限公司广州分公司 深圳市福田区彩田路星河世界大厦 C1-1303 C1-1303, Galaxy Century Building, Cai Tian Road, Futian District, Shenzhen 电话 : 0755-8623 3220, 传真 : 0755-8623 3219 Office Manager Vivid Zhu Sales Manager Emma Cao Sales Anita Wang, Betty Wang Marketing / Event Executive Ivy Wang National Operation CEO Leo Zhou Sales Project Director Henry Zeng Head of Communication Ned Kelly Financial Manager Laura Lu HR/Admin Director Penny Li National Digital Business Director Vickie Guo Digital Content Manager Bridget O'Donnell, Kane Zhu Digital Miller Yue, Amanda Bao, Orange Wang, Yu Sun, Elsa Yang, Jimmy Mi General enquiries (010) 8447 7002 Editorial (010) 8447 6455 [email protected] Events (010) 8447 6455 [email protected] Distribution/Subscription (010) 8447 7002 [email protected] Marketing (010) 8447 7603 [email protected] Advertising (010) 8447 7073 [email protected] 广告经营许可证 : 京海工商广字第 8069 号 法律顾问 : 大成律师事务所 魏君贤律师 Legal Advisor: Wei Junxian, Dacheng Law Firm 国际标准刊号 ISSN 1672-8025 国内统一刊号 CN 11-5232/GO 定价 : 25.00 元 邮发代号 : 2-930 部分非卖品 , 仅限赠阅 www.thatsmags.com 2 | APRIL 2018 | WWW.THATSMAGS.COM Editor’s Note APRIL 2018 My landlord likes to collect things – which is convenient for me, because I don't. So when he asked if I had any leftover change from my recent trip to South Korea, I was happy to give him my useless won. Then I looked into my wallet and noticed I had coins from Japan and Hong Kong – both trips I took several months ago – to give him too. Wouldn’t it be easier if all of this were digital? China just may be the first country to find out. In this month’s cover story (p. 40), Dominic Ngai asks the experts when the think China will become fully cashless (and uncovers some thorny privacy issues along the way); I catch up with those in China’s Bitcoin industry to see how increased legislation has impacted them; and Jonty Dixon and Edoardo Donati Fogliazza give you their run-down of Beijing’s new-fangled staffless (and, of course, cashless) stores. Keep your phone charged, readers. Elsewhere in the magazine, Dominique Wong speaks with Belgian architect Kris Provoost about the future of China’s buildings (p. 10), Erica Martin dives into the controversy surrounding Roseann Lake’s new book, Leftover in China (p. 30), and Jonty Dixon introduces us to Beijing’s latest brewery (p. 60). Until next month, Noelle Mateer Editor-in-Chief WWW.THATSMAGS.COM | APRIL 2018 | 3 6 CITY 7 ELEVEN’S A CROWD Foreigner limits strike Wudaokou bars 9 REAL TALK Young and old people on whether overseas travel is safe 15 THE WORD ON THE STREET …this month, a slang term about self-deprecation 7 16 LIFE & STYLE 19 SCENE & HEARD New openings include a design store and a co-working space 20 GREAT WALLS A boutique hotel with a focus on well-placed dividers 22 UP IN THE AIR 19 Smart bags for the smart traveler 26 ARTS 27 YOU’RE BEAUTIFUL James Blunt gets deep and meaningful with us 30 HEATING UP LEFTOVERS The literary controversy sur- rounding a new book about shengnü 38 LISTEN UP Three new albums to check 38 out this month 54 EAT & DRINK 57 MIFAN OR MAFAN? Hot takes on hot Beijing restaurants 58 SALAD SCANDAL Slick design replaces marketing stunts gone awry 60 HEAVENLY LITTLE CREATURES 57 A new (Aussie) craft beer joint 4 | APRIL 2018 | WWW.THATSMAGS.COM 40 CASH ME OUTSIDE What are the consequences of China’s increasingly cashless society? 10 A DIFFERENT PERSPECTIVE An architect documents China’s weird buildings 32 BACK TO THE ART Our guide to Art Beijing 2018 WWW.THATSMAGS.COM | APRIL 2018 | 5 CITY TOUCH THE SKY The end of an era for Beijing’s iconic buildings, p10 Generation Gap Driverless Cars Chinese Urban Dictionary p8 p9 p15 TALES OF THE CITY TALES WUDAOKOU BARS’ ‘FOREIGNER LIMIT’ SPARKS CONTROVERSY – AND MEMES by Dominique Wong and Jonty Dixon Two popular hangouts in Beijing’s student a SWAT team bundling out the back of a van, Meanwhile, up the road at perennial stu- area Wudaokou restricted the number of accompanied by the text: ‘When there are 11 dent hangout Lush, a noisy din permeates the foreigners allowed on their premises dur- foreigners in Pyro Pizza.’ Another featured a booze-infused air. A staff member tells me ing China’s Two Sessions last month. Photos crudely photoshopped Ocean’s Eleven poster that the infamous sign was taken down over a taken on March 10 showed notices posted dubbed: ‘Pyro’s Eleven: City ordinance pro- week ago. Another employee says that, rather on the front doors of Lush and Pyro Pizza hibited more than ten foreigners from visit- than impose a strict limit on numbers, the stating that the two businesses, which are ing a restaurant. They wanted to sneak in one local police simply warned the bar not to be- owned by the same people, would only allow more.’ come “too crowded” during the Two Sessions a maximum of 10 foreigners inside at any for “safety reasons.” given time. Sessions, the area outside Wudaokou subway Though the Wudaokou measures were The notices said the policy would be in is bustlingOn March with 20, students,the final day though of the a beefed-upTwo effect through March 22 – roughly the same security presence is noticeable. on foreigners in recent memory, increased time as the Two Sessions, a series of politi- securitythe first-ever measures reported during occurrence large political of a limit cal meetings. Writing scrawled across Lush’s It’s a Tuesday evening and the restaurant is gatherings in the capital are nothing new, notice also stated that the number of people barelyThere half-full. is no flyer The on waitperson Pyro Pizza’s is confused. front door. with nightlife being a common target. Chao, allowed inside the restaurant was 70 total. an employee of a Beijing nightclub currently Managers from the two establishment de- hasn’t heard anything about a ban. “Besides,” undergoing renovation, tells us that during clined to speak on the record to That’s, how- sheIt’s hersays, first pointing night workingto a party at of Pyro at least and ashe the Two Sessions, several clubs’ “front doors ever, according to news blog SupChina.com, dozen people – ostensibly foreigners – taking are closed, but the back doors are open. It’s who spoke with one of the owners, the meas- up three tables across one side of the room. common for these kinds of places of enter- ure was intended to protect international stu- “Look at them all.” tainment [during political events].” And last dents from being the target of attacks. A fair-haired man sitting by himself tells us fall, a number of bars were shut down during Both restaurants are popular among for- he is in Beijing on business and was unaware the 19th National Congress of the Communist eigners, particularly international students of the ban. “I only heard about it just now Party. living in the neighborhood, and the news when my friend called me on the phone to But for now, looking around Lush, it seems spread quickly online among expats, who warn me about it,” the Welsh native says. like business as usual. greeted the stipulations with a mixture of be- The warning may have been unwarranted, musement and worry. yet outside Pyro we overhear people chatting The memes soon followed. One depicted about the supposed foreigner limit. WWW.THATSMAGS.COM | APRIL 2018 | 7 THE BUZZ GENERATION GAP Do you think it’s safe for Chinese nationals to study abroad, considering recent news about students going missing in the UK? ZHANG, 24 SNOW PROBLEM “I believe we cannot reason in terms of whether – snowfall of the season. foreign countries are safe or not because danger is A woman takes a selfie during the first – and only photo by Zheng Zhong everywhere, and will always be present.
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