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Analysis: As Card Use Fades, Banks Rethink a Finance Staple for Chinese Consumers

Summary by Caixin Global
Analysis: As Card Use Fades, Banks Rethink a Finance Staple for Chinese Consumers - Falling credit card issuance, rising bad loans and competition from online credit products are forcing lenders to overhaul a business that has struggled to attract younger consumers

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Caixin Global broke the news in Beijing, China on Wednesday, June 3, 2026.
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