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No. Credit cards are fairly uncommon in China. Most people link an ATM card and load a balance into their WeChat account.
by Cerium 9y ago
No. Credit cards are fairly uncommon in China. Most people link an ATM card and load a balance into their WeChat account.
- deleted 9y ago[deleted]
- mbreese 9y agoI'm not sure how this works in China, but credit reporting isn't exclusively about credit cards (but that is probably the most common component). It's about anything that would involve extending credit - mortgages, car loans, personal loans, paying for a cell phone monthly, etc... So, just because credit cards aren't common in China, doesn't mean that there isn't some other equivalent tracking going on... (although, I don't know any specifics).
- takeda 9y agoPP means that in China, and actually majority places, people don't purchase daily needs on credit. Yes people still need credit, and typically a government branch keeps track this kind of information.