In Japan in the early 2000s, their ultraadvanced flip phones allowed users to do everything from watch TV to paying at most stores. But because the phones were so advanced, Japan was slow to adopt smartphones.

The Chinese government may have cracked down on bitcoin trading in the country, but this hasn’t deterred many investors desperate for a slice of the bitcoin pie.

China has the largest population in the world with over 1.3 billion people, and one of the fastest growing economies. This is due to its high productivity levels, the low cost of labour and the moderately developed infrastructure. It is the world’s leading manufacturer and exporter of goods. China’s political and economic reforms have brought about a large middle class and an urbanised population. Consequently, this has created many business opportunities for both local and international investors.