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According to our new research report "Global Credit Card Industry - Emerging Markets", the total number of credit cards in China is projected to grow stupendously with a double-digit growth rate, driven mainly by factors such as growing middle class population, rising consumer spending and untapped rural regions. There will be unprecedented growth in the total number of credit cards in the country, which is anticipated to rise at a CAGR of around 26% during the forecast period (2010-2013).

We have done extensive research and prudent analysis of the Chinese credit card market in order to understand the factors that will continue to serve as growth propeller for the market over the coming years. We have identified that various other factors, such as regulatory reforms and government initiatives to boost the consumer spending via bank cards, have minimized tax complications, resulting into the increasing usage of credit card in the country. The report also gives insight into the role of banks for encouraging non-cash payment options such as credit cards, which feature overdrafts, to boost domestic consumption. Besides this, various other factors propelling the growth of credit card spending in the country have been thoroughly evaluated in the report.

Our research indicates that the increasing bank card transactions in retail sales will become an important driver for the country's retail banking in coming years. With an improvement in the debt-repayment ability of the population owing to the economic growth, the credit card market has an optimistic future prospect. Our report also gives an overview of the factors that may hinder the growth of credit card market in China during 2010-2013.

Besides China, "Global Credit Card Industry - Emerging Markets" provides thorough analysis of the credit card industry in other emerging markets like India, Mexico, South Korea, Russia, Poland and Brazil. It gives deep insight into each of the industry parameters like market attractions, market performance and roadblocks in these emerging markets. Most importantly, the report gives future outlook for all the important aspects of the industry considering the effects of global economic crisis on base drivers, opportunities and challenges faced by the credit card industry in these countries.

For more information visit: http://www.rncos.com/Report/IM167.htm