The outstanding amount of credit card revolving loans in China reached 15.4 trillion yuan in 2018, showing continued growth of more than fourfold over the past seven years. Despite Chinese individuals having less than one credit card on average in 2018, the country's e-commerce was booming and the outbound travel was surging. These factors contributed to the expansion of credit card loans.
Outstanding amount of the credit card revolving loan in China from 2012 to 2018
(in trillion yuan)
Characteristic
Outstanding amount of revolving loan in trillion yuan
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DBS Group Research. (June 13, 2019). Outstanding amount of the credit card revolving loan in China from 2012 to 2018 (in trillion yuan) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1040684/china-credit-card-market-scale-outstanding-revolving-loan/
DBS Group Research. "Outstanding amount of the credit card revolving loan in China from 2012 to 2018 (in trillion yuan)." Chart. June 13, 2019. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1040684/china-credit-card-market-scale-outstanding-revolving-loan/
DBS Group Research. (2019). Outstanding amount of the credit card revolving loan in China from 2012 to 2018 (in trillion yuan). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1040684/china-credit-card-market-scale-outstanding-revolving-loan/
DBS Group Research. "Outstanding Amount of The Credit Card Revolving Loan in China from 2012 to 2018 (in Trillion Yuan)." Statista, Statista Inc., 13 Jun 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1040684/china-credit-card-market-scale-outstanding-revolving-loan/
DBS Group Research, Outstanding amount of the credit card revolving loan in China from 2012 to 2018 (in trillion yuan) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1040684/china-credit-card-market-scale-outstanding-revolving-loan/ (last visited September 20, 2024)
Outstanding amount of the credit card revolving loan in China from 2012 to 2018 (in trillion yuan) [Graph], DBS Group Research, June 13, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1040684/china-credit-card-market-scale-outstanding-revolving-loan/