China issues 760m bank cards (CRI) Updated: 2005-02-14 17:10
China had issued more than 760 million RMB bank cards by the end of last
year.
![](xin_56020214171387528961.jpg) China had issued more than 760 million RMB
bank cards by the end of last year.
[Xinhua] | China's central bank, the People's
Bank of China, says that card based expenditure accounted for around 5% of total
retail consumption in 2004, as compared to only 2% back in 2001.
In Beijing and Shanghai, the figure had climbed to a significant 20 percent.
China has also expanded the overseas use of RMB bank cards, which were
useable in Singapore, South Korea and Thailand as of last month.
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