Chinese Retailing Development and Consumer Finance

Li Guangzi, Zhang Xueyuan and Hao Yahong

Chapter Chapter 4 in Development of Consumer Finance in East Asia, 2017, pp 95-116 from Palgrave Macmillan

Abstract: Abstract This chapter investigates consumer finance in China from the perspective of the retail industry’s development. This chapter discusses the current situation and history of China’s retail industry, particularly the prepaid card business. Consumer finance in China has chosen a different development path than Japan and South Korea. In terms of its development, China’s financial market went through neither a period in which growth was fueled mainly by that of the consumer product manufacturing industry nor one in which smaller firms were gradually replaced by larger ones through market competition and cooperation. Instead, it became dominated by commercial banks and the credit card business at an early stage.

Keywords: Consumer Good; Department Store; Consumer Finance; Bank Card; Retail Format (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-52418-8_4

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DOI: 10.1057/978-1-137-52418-8_4

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