Facebook is getting used to copying the Chinese tech giants. Facebook copied China's messaging app WeChat a few months ago when making plans to introduce private groups for online communication. 

Now,  Facebook is copying again by releasing a payments option within Facebook, albeit with the twist of cryptocurrency to pay for goods and services.

But Facebook has a long ways to go before it can truly emulate WeChat. 

Read Forbes: Why   Facebook Copies China's WeChat   

Tencent CEO Pony Ma's take on Facebook's Libra coin: "The technologies are all very mature, it's not hard. It all depends on whether regulators will 

allow it."

China's Belt And Road Could Be Improved 

5 Ways

It depends on who you talk to: is China's massive Belt and Road Initiative is a good thing or a bad thing?

Washington, DC contends that this series of infrastructure investments to connect China with economies throughout Asia and into the Middle East and Europe is a dangerous China attempt "to buy an empire" and drown Belt and Road partners in a "sea of debt."

On the positive side, China's infrastructure investments are welcomed by host governments as efficient and effective ways of building ports, dams and railways. But issues persist over environmental damage, inability of host countries to pay for projects, lack of local employment opportunities, mistreatment of subcontractors, corruption, and lack of project oversight.

Here's where the Asia Society steps in with 

five recommendations on how China's bold program can be improved. 

DATA