The story appears on

Page A8

March 10, 2012

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

Bankcard holders' confidence slides

CONFIDENCE among Chinese bankcard holders dipped from a month ago in February after consumer spending contracted after the Lunar New Year holiday, an industry survey showed.

The Bankcard Consumer Confidence Index rose 0.65 point from a year earlier but was down 0.09 point on a monthly basis to 86.69 points last month, according to a report released yesterday by China UnionPay, the country's sole bankcard transaction company.

The amount of billing at department stores, home appliance retailers and restaurants fell last month as consumer spending returned to normal after the week-long Lunar New Year holiday wrapped up.




 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend