CHINA aims to accelerate the development of its fledgling bank card industry in the coming few years, in a bid to promote the use of plastic cards to help improve efficiency of the economy, enhance the transparency of transactions and increase spending.
The People's Bank of China, the central bank, said on Thursday the nation's robust economic growth is providing a favourable environment for an acceleration of the industry, while the wide application of information technology in the financial sector at a local level has laid a solid technical basis.