Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's non-cash payments up in Spring Festival holiday

February 08, 2022


Abstract : The non-cash payments handled by Chinese banks saw an increase during the seven-day Spring Festival holiday, according to China's central bank.

BEIJING, Feb. 7 (Xinhua) -- The non-cash payments handled by Chinese banks saw an increase during the seven-day Spring Festival holiday, according to China's central bank.

Non-cash payments, involving bank cards, online payment vehicles, commercial papers, credit transfers and other settlements, stood at 14.9 trillion yuan (about 2.34 trillion U.S. dollars) from Jan. 31 to Feb. 6, up 16.2 percent year on year, the People's Bank of China said on Monday.

Of the total, the non-cash retail transactions of commercial tenants saw strong performance during the holidays, posting an increase of 22.9 percent year on year.

Meanwhile, transactions in the catering sector gained 29.6 percent year on year as demand related to gatherings surged, the central bank said.

Transactions in the transport sector climbed 18.8 percent from the year before, while those for hotel bookings surged 26.9 percent.

The central bank will continue to optimize the environment of consumption and payment services, and provide safer and more convenient payment services for the public, it said.

The Spring Festival, which was celebrated on Feb. 1 this year, is the biggest occasion for family gatherings and heralds the beginning of spring.

Scan the QR code and push it to your mobile phone

Keyword: China Spring Festival holiday non-cash payments

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial