China: 270 million new credit card in a year

According to the Chinese central bank; The Chinese consumers last year, purchased with credit card in a value of more than 24 trillion USD, one-third more than in 2008. The financial institutions issued 270 million new cards in 2009.

The website of the People's Bank of China has published the informations that the number of financial transactions carried out by credit card, has reached 19.7 billion. This is a more than a 18 percent increase, compared to 2008. According to the bank; in the first three quarters of the year, the card debt amounted to 7.43 billion yuan (1.09 billion dollars), which is a 126.5 percent growth, compared to the same period of the previous year – reports ProfitLine.hu., after MTI.