Asian shares advance, despite Wall Street's tumble, as China pledges to boost consumer spending

China orders banks to boost lending, credit card use

BANGKOK, Thailand— China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more. The order Friday from the country’s financial regulator is part of the ruling Communist Party’s latest push to build more confidence among consumers who

China orders banks to push consumer financing and credit card use

China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more. The order Friday from the country’s financial regulator is part of the ruling Communist Party’s latest push to build more confidence among consumers who are opting to save rather than spend, worried over jobs and the outlook for the economy. It said banks should lend more and als…

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