Latest News:  

English>>Business

E-payment boosts China's GDP

(Global Times)

08:09, March 19, 2013

Growth in the use of electronic payment products such as credit and debit cards has added $375 billion to China's GDP in the 2008-12 period, leading the Asia Pacific region, according to a study released Monday which was conducted for Visa Inc by Moody's Analytics.

The study covered 56 countries and regions, including China, representing 93 percent of global GDP. The research also found that a 1 percent increase in card usage produces an annual increase of 0.0565 percent in consumption.

We recommend:

China's financial might takes shape

Top 10 Chinese cities with highest urbanization quality

Chinese investment in Africa: Digging deeper

Top 10 innovative cities in Asia-Pacific

Nation may limit gold to 2% of foreign reserves

Lu Zhaoxi named Alibaba's new CEO

Email|Print|Comments(Editor:LiangJun、Yao Chun)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Frogmen in diving to conduct mission

  2. Chinese naval escort conduct training

  3. Thousands celebrate St Patrick's Day

  4. Wedding expo for Spring held in E China

  5. Traditional wedding of Yugur ethnic group

  6. W China drought affects over 1 million

  7. Charming Li Bingbing graces Bazaar Movie

  8. Herons live around Yellow River in N China

  9. Jiangsu opens bonded zone in Nantong

  10. A credit to the global banking system

Most Popular

Opinions

  1. CCTV in hot water after corporate exposé backfires
  2. Cultural parks no substitute for talent
  3. Planning vital to diplomacy
  4. Loopholes for rich make estate tax meaningless
  5. How to start transformation and upgrading?
  6. Nation facing energy security threat: experts
  7. Plenty of hard work still to be done on rail reform
  8. 'Made in China' not equal to 'self-made in China'
  9. Efforts needed to nurture ethnic culture, language
  10. Filipina maids or local ayi?

What’s happening in China

Recruitment of flight security officers attracts capable men

  1. Foot-and-mouth disease confirmed in NW China
  2. Netizens moved by stroke-hit bus driver
  3. Sexual health courses gain interest in campus
  4. Glitch shows man 42m yuan on transport card
  5. Calls for legislative backup for children's welfare