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Chinese Retailing Development and Consumer Finance

In: Development of Consumer Finance in East Asia

Author

Listed:
  • Li Guangzi
  • Zhang Xueyuan
  • Hao Yahong

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.

Suggested Citation

  • Li Guangzi & Zhang Xueyuan & Hao Yahong, 2017. "Chinese Retailing Development and Consumer Finance," Palgrave Macmillan Books, in: Guogang Wang & Gang Zeng & Xuan Xiaoying (ed.), Development of Consumer Finance in East Asia, chapter 0, pages 95-116, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-52418-8_4
    DOI: 10.1057/978-1-137-52418-8_4
    as

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