Bankcard holders' confidence dips amid slowdown
By Ding Yining |
May 12, 2012, Saturday
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Print Edition
Print Edition
CONFIDENCE among Chinese bankcard holders dipped in April amid a slowdown in the global economy and less spending on non-daily necessities, an industry report showed yesterday.
The Bankcard Consumer Confidence Index was down 0.12 to 86.65 last month, according to a report from China UnionPay, the country's sole bankcard transaction firm. Rising costs have curtailed consumer spending at restaurants and stores, and the BCCI is expected to remain stable, UnionPay said.
The Bankcard Consumer Confidence Index was down 0.12 to 86.65 last month, according to a report from China UnionPay, the country's sole bankcard transaction firm. Rising costs have curtailed consumer spending at restaurants and stores, and the BCCI is expected to remain stable, UnionPay said.
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