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Confidence rises among bankcard owners
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CONFIDENCE among China's bankcard owners climbed in the past month due to relatively strong travel demand.
The Bankcard Consumer Confidence Index climbed 0.56 in June from a month ago to 85.27 points as expenditures on dining, entertainment and travel picked up ahead of the summer, China UnionPay, the country's sole bankcard transaction firm, said in a report today.
Spending at entertainment venues climbed 1.12 percent from a month ago as people spent more money on dining and drinking during the World Cup.
Spending at domestic travel agents jumped 17.52 percent in June from a month ago since summer is usually a busy travel season. Spending on flights rose 13.06 percent last month compared to May.
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