CREDIT CARD ADOPTION AND USAGE IN CHINA: URBAN–RURAL COMPARISONS

Nilton Porto, Yu Huang () and Jing Jian Xiao ()
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Nilton Porto: Department of Human Development and Family Studies, University of Rhode Island, Transition Center #212, 2 Lower College Road, Kingston, RI 02881, USA
Yu Huang: Department of Market Research, Huarong Securities Co., Ltd, 15F, PICC Life Building, 18 North Chaoyangmen Avenue, Chaoyang District, Beijing, China, 100020, China
Jing Jian Xiao: Department of Human Development and Family Studies, University of Rhode Island, Transition Center #202, 2 Lower College Road, Kingston RI 02881, USA

The Singapore Economic Review (SER), 2019, vol. 64, issue 01, 41-56

Abstract: This study examines the differences in credit card behaviors between rural and urban households in China. Using data from a national survey of Chinese households, results show distinct differences between rural and urban respondents in credit card adoption and usage even after controlling for relevant demographic, financial, attitude, and expectation variables. Rural households are less likely to possess a credit card, possibly due to supply side limitations such as lack of financial institutions and low rate of credit card acceptance in rural areas. No urban–rural difference is found in credit card payment behavior. Implications for policymakers and credit card issuers are discussed.

Keywords: China; consumer behavior; credit card; urban–rural comparisons (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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DOI: 10.1142/S021759081743010X

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