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China's Credit Card Market Shrinks, with the Number of Credit Cards Plummeting by Nearly 100 Million in Three Years
Summary by 大纪元 Epoch Times
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As China's economy continues to decline, credit card usage has also significantly cooled. By June 2025, the number of credit cards and combined debit cards will have fallen by 92 million, with a 40 million decrease in 2024 alone, a drop of over 11%. Reports also indicate that credit card usage among those born after 1990 has dropped by 29% over the past five years.
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