Houston Community News >> Chinese Shoppers Stock Up on Credit Cards

6/25/2008 SHENZHEN - Chinese consumers, until now recognized as among the world's most determined savers, are adding credit cards to their wallets in record numbers, with the number of such cards in circulation almost doubled in the first quarter from a year earlier.

The number of credit cards in circulation jumped 93% in the year ending March 31 to 104.7 million, the People's Bank of China said on its website this week. The total number of bank cards, including debit cards, topped 1.58 billion by March 31, up 29.1% over the year, the bank said.
Click Here to Read More