credit cards

Citibank Gets the Nod From China

The US-based Citibank announced that China has approved of the bank offering credit cards in China. Citibank will launch the program later this year, and it is the first non-Asian bank to offer credit cards in China. BBC...

China – A Nation of Savers

MSNBC has a report about the changing money-saving habits of Chinese families, as young consumers turn to credit cards: Fears about a possible global recession have begun to trickle down to China, a nation of traditionally high...

In China, Cash Carries the Weight – Ariana Eunjung Cha

The Washington Post looks at the failure of China’s banks – and consumers – to adapt to the use of credit cards and other retail banking conveniences: Although China has made strides in reforming its banking system over the past five years — cracking down on corruption, buying out many troubled loans and allowing foreign […]

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