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Growth in discretionary spending among cardholders moderates in December

  • Published 13 Jan 2012

China's Bankcard Consumer Confidence Index, a measure of cardholder spending on non-essential items, picked up 0.8 percentage points YoY to 86.72 in December, China UnionPay, which compiles the index, said. However, MoM growth moderated to a mere 0.03 percentage points from November, the slowest magnitude in MoM growth since July last year when discretionary spending began recovery.

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