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BEIJING, Aug. 27 (Xinhua) -- China has outperformed India and Britain to top the globe for financial technology (fintech) usage, according to a report by Ernst & Young (EY).

The country's fintech adoption rate came at 69 percent in an EY index that measures users activity in various areas, including money transfer, payments, investments, borrowing and insurance, the highest among 20 major markets around the world.

It was followed by India and Britain, which were gauged at 52 percent and 42 percent, respectively. The global average was 33 percent, more than double that of two years ago.

The accounting firm believes China is leading the world in the widespread application of fintech, with new technological and business models sprouting at an unprecedented pace.

"Efficient and convenient mobile money transfer and payments, especially in coastal areas, have become a new feature of China. They are the most widely-adopted fintech services and have deeply integrated into people's lives," said Jack Chan, EY Greater China's managing partner of financial service.

Chinese users also outshone their overseas peers for using fintech in deposits, investment and wealth management, Chan said.

EY predicted fintech would continue gaining momentum around the globe with the average adoption rate to increase to 52 percent. Emerging markets including South Africa, Mexico and Singapore are expected to pick up pace.

The research was based on more than 22,000 online interviews on "digitally active" consumers who used two or more fintech services in the last six months.

BERLIN, Aug. 28 (Xinhua) -- Leading German politicians have called for a more aggressive use of economic sanctions against Turkey, the latest sign of swelling tensions between Berlin and Ankara, on Monday.

SPD candidate Martin Schulz reiterated his demands in Rhein-Necker-Zeitung newspaper to give Turkish President Recep Tayyip Erdogan an ultimatum regarding the release of German prisoners in Turkey.

If not met by Ankara, the planned expansion of the European Union's (EU) customs union with Turkey should be halted, according to Schulz.

He added that the release of individuals from custody would have to occur within weeks. At least ten German citizens have been imprisoned in Turkey since the country's failed military coup in 2016.

Addressing the subject of German-Turkish relations on Monday, CSU leader and Bavarian Governor Horst Seehofer also called for a complete and immediate halt to EU financial aid for Turkey.

Speaking to Funke media group, Seehofer accused Ankara of "weekly provocations" and demanded that aid tied to Turkey's ongoing accession talks with the EU be freezed.

Around 4.5 billion euros (5.37 billion U.S. dollars) in EU financial assistance are currently earmarked for Ankara between 2014 and 2020.

Turkish EU accession talks have stalled as relations between the bloc and its Turkish neighbor continue to deteriorate. The European Parliament and several senior European politicians have repeatedly called for a formal end to talks.

Traditionally close ties between Ankara and Berlin in particular have come under severe strain in the wake of a failed military at. cheap nike shoes online   cheap shoes online   Cheap Jerseys From China   Cheap NHL Jerseys China   Cheap Sports Jerseys   Cheap NHL Jerseys From China   Cheap Baseball Jerseys   Cheap New NFL Jerseys   Cheap Nike NFL Jerseys   Wholesale College Football Jerseys