One giant leap in the Chinese credit card debt

According to the report of the Chinese central bank; The over six months credit card debts more than doubled in the first three quarters of the year in China, compared to the same period of last year.

According to the datas of the People's Bank of China; these debts amounted to 7.43 billion yuan (1.09 billion dollars), by the end of September, which is a 126.5 percent increase.
Calculating from end of the second quarter, the increase was 0.3 percent.
The Chinese central bank is now drawing attention to the danger of receivables, including the risks of credit card business expansion – reports Origo.