CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

China's credit cards maintain low bad debt rates

07-02-2010 14:54 BJT

BEIJING - China' s credit cards risks remain low as figures show bad debt rates stood at 2.3 percent as of the end of the first quarter, while that for the United States and Singapore were at 9.95 and 4.7 percent, an official with China' s banking regulator told Xinhua Thursday.

Credit card receivables that are 180 days past due accounted for 0.4 percent of the total credit amount in the first quarter, said an official with the China Banking Regulatory Commission.

China had issued a total of 186 million credit cards by the end of 2009, up 30.37 percent from one year earlier, according to data from the China Banking Association.

Editor:Xiong Qu |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program