Paying on the 'never-never' skyrockets

The UnionPay logo on bank cards. China has experienced a boom in the use of bank cards over the past two years, especially credit cards. By the end of 2012, banks in China had issued a total of 3.5 billion bank cards, according to statistics from the People's Bank of China. Some 44.4 percent of Chinese residents who have bank accounts own one or more bank cards, according to the data. Provided to China Daily