Bank card spending rises 37%
By Zhang Fengming |
01:09 UTC+8 October 10, 2009
|
Print Edition
Print Edition
A CONSUMPTION boom swelled bank card transactions on Chinese mainland by 36.7 percent during the longest-ever National Day holiday from last year, China UnionPay Co said yesterday.
Transactions using bank cards totaled 133.4 billion yuan (US$19.5 billion) over the eight-day holiday as consumers spent on jewelry, autos and entertainment, said UnionPay, China's sole bank card system.
Credit card-based transactions rose to 35.69 billion yuan during the holiday, with daily average transaction jumping 33 percent year on year.
"The popularity of credit cards helped boost domestic demand and economic development," said Shanghai-based UnionPay.
Bank card spending in central and west China accounted for 35 percent of the mainland's total, a 4.4-percent rise over the contribution during the May Day holiday.
The consumption boom was also noticed in Hong Kong, Macau and Taiwan when overseas bank card transactions soared 81.5 percent during the holiday.
Transactions using bank cards totaled 133.4 billion yuan (US$19.5 billion) over the eight-day holiday as consumers spent on jewelry, autos and entertainment, said UnionPay, China's sole bank card system.
Credit card-based transactions rose to 35.69 billion yuan during the holiday, with daily average transaction jumping 33 percent year on year.
"The popularity of credit cards helped boost domestic demand and economic development," said Shanghai-based UnionPay.
Bank card spending in central and west China accounted for 35 percent of the mainland's total, a 4.4-percent rise over the contribution during the May Day holiday.
The consumption boom was also noticed in Hong Kong, Macau and Taiwan when overseas bank card transactions soared 81.5 percent during the holiday.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
