China’s Next Debt Addiction—Credit Cards – Wall Street Journal (subscription)

Wall Street Journal (subscription)China’s Next Debt Addiction—Credit CardsWall Street Journal (subscription)China’s rapid shift toward mobile payments has led some to assume the country would somehow bypass credit cards on the way to becoming a cashless society. The latest figures suggest otherwise: Credit card loans in China rose 31% on year to almost 4.69 … …read more

Source:: Credit Card Debt