Financial technology or fintech as it is commonly known, describes new technology innovations and applications in the finance sector, and is said to be a major disrupter of traditional financial models of delivering financial services. It is therefore an area of massive focus in the entrepreneurship and business start-up space. List a few major applications of fintech in our daily lives and how they are able to influence the way we live.
In China,a number of large scale food safety scandals arising from food contamination or deliberate addition of carcinogenic dyes or other dangerous nonfood additives have made the public fearful of locally produced foodstuffs. This has resulted in a growing distrust of domestic food products.It has also increased public preference for foods imported from overseas food producers who are regarded as models of food safety, to the detriment of local agriculture and the local food industry.To what extent do you agree with this opinion?