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.
Related news
Related news
In Austria, inflation slowed down in June
In accordance with the preliminary estimate, the annual growth of…
Read more >In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >A Hungarian-Serbian border project to help the supply of specialists in the food industry has been launched
With EU support, a Hungarian-Serbian border project supporting the supply…
Read more >