Apple Pay to launch in China in early 2016

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Eddy Cue, Apple Senior Vice President of Internet Software and Services, demonstrates the new Apple Pay mobile payment system at a Whole Foods store in Cupertino, Calif. (AP Photo/Eric Risberg, File)

Eddy Cue, Apple Senior Vice President of Internet Software and Services, demonstrates the new Apple Pay mobile payment system at a Whole Foods store in Cupertino, Calif. (AP Photo/Eric Risberg, File) (Photo: Eric Risberg)

BEIJING (AP) — Apple Inc. and China's state-owned credit card processor announced plans Friday to launch the smartphone-based Apple Pay electronic payment system in China.

Apple and China UnionPay said they plan to roll out the system in early

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