China End-June Credit Card Delinquencies Up 131% 09-17 15:43 Caijing
» Credit card debt on which payments are
delayed by six months or longer totalled 5.8 billion yuan at the end of June, up
131.3 percent year-on-year and up 16.2 percent from the end of March, the
People's Bank of China said in a Sept. 16 statement.
» Credit card payments
are closely watched during weak economies for signs of distress among consumers.
» At the end of June, about one Chinese out of eight owned a credit card,
the statement said.