Mobile Payments Preferred Source of Consumer Payments Sector in China: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Ken Research declared the recent publication on “Consumer payments country snapshot: China 2016” which offers insights on the consumer payments market in China, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. Further it includes the shrewd examination of the main regulatory players in the Chinese market and analyzes the consumer attitudes to financial services by life stage and the major payment card types in terms of both card holding and usage. Moreover, publication identifies the major competitors in card issuing and how their positions in the market have evolved over the last five years. This publication helps in exploring the online payment market in China by merchant type and payment tool, as well as providing a five-year forecast for the development of the market. Trends in China’s Macro economy China’s has developed over the 2000s which slowed down post 2013. The driving force behind the development was investment, so understanding the slowdown simply relies on understanding what sustained investment post 2013. The credit policy promoting heavy industrialisation which also had negatives consequences with positives. Going forward, China needs to focus on creating the right incentives for banks to make loans to small businesses. Financial reforms in China must focus on green banking. Only when such practice of green banking is properly reformed will commercial banks have incentives to make loans to small and productive businesses. In addition, a rapid ramping-up of China’s corporate debts and local government debts as a result of the preferential credit policy toward heavy industries has now reached a level that deems unsustainable. Therefore, China’s macro economy faces twin problems: low consumption and income growth Overcapacity of heavy industries with rising debt risks. How these problems are resolved might have profound policy implications. Because both problems arose from a preferential credit policy for promoting heavy industrialisation since the late 1990s, an effective policy would aim at reducing the preferential credit access given to large firms and especially those in heavy industries. In brief, financial reforms geared towards abolishing such a distortion would go a long way toward making both short-term and long-term loans function efficiently and put the economy on a more balanced path. China Economic Outlook Retail sales, industrial production and investment had gone down in 2015 from the year 2014. Unemployment and inflation rate is stagnant in the same period. While growth momentum in 2016 remained strong in Quarter4, as suggested by the manufacturing PMI for November, all eyes are on the Central Economic Work Conference (CEWC), expected to be held in mid-December. The CEWC will set the tone of the economy and policy for next year. The CEWC will also establish the economic targets for 2017, though they will not be disclosed until the National People’s Congress in March. The growth target is expected to be maintained at the current range of between 6.5% and 7.0%, while monetary and fiscal policies will likely remain accommodative. In the political arena, China’s authorities stated that they are intensely concerned after President-elect Donald Trump questioned the One-China policy, which has been the cornerstone of China-U.S. relations since the 70s. This incident has added fuel to an already complicated political relationship between China and Trump. Recent Trends China represents a develop payment card market in Asia, with more than 5 billion payment cards in issue. Notwithstanding a high card-per-client proportion China is anticipated to see mellow development in both card numbers and the estimation of transactions, as mobile has turned into the payment mechanism of decision in the country. China UnionPay is the quickest-growing card scheme in China, claiming a more than 90% market share in 2015. To know more on the coverage, tap on the link underneath: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/consumer-payments-country-snapshot-china/78821-93.html Related Links https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/consumer-payments-country-snapshot-india/78822-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/consumer-payments-country-snapshot-sweden/80163-93.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Alternative payment methods in China, Cards and Payment industry in China, China bill Payment Market Research, China Cards and payments industry trends, China Cards and Payments Market share, China mobile wallet industry, China Money Remittance Industry, China payments industry, Consumer payments country china, Debit Card industry in China, Financial reforms in China, Global Payment Industry Research Report, Mobile payment market China, Plastic money market China