China relaxes new mobile payment rules to put small businesses at ease

China relaxes new mobile payment rules to put small businesses at ease

FILE PHOTO: Computer code is seen on a screen above a Chinese flag in this July 12, 2017 illustration photo. REUTERS/Thomas White/Illustration

China is taking a more moderate approach to strengthening the management of the mobile payment market, in response to complaints that central bank rules announced in October could push operational costs up for small-business owners.