Credit card debt up in China in first quarter: central bank (People’s Daily)

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China’s credit card debt that was at least six months overdue rose 133.1 percent year on year in the first quarter to 4.97 billion yuan (727.67 million U.S. dollars), the People’s Bank of China, or the central bank, said in a report on June 22. Debt overdue by six months or more accounted for 3 percent of the total outstanding credit card debt at the end of March, or 0.6percentage point more …

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Eastday-Credit card debt up in China in first quarter: central bank (Eastday.com)

China’s credit card debt that was at least six months overdue rose 133.1 percent year on year in the first quarter to 4.97 billion yuan (727.67 million U.S. dollars), the People’s Bank of China, or the central bank, said in a report Monday.

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