China

Digital Twin is part of Industry 4.0 and the Internet of Things ecosystem. Digital Twin is a digital replica of every physical asset involved in the manufacturing process. This can include physical machinery and production components, as well as ...

There were no charge cards in circulation in China at the end of the review period, and there are currently no expectations of any entering the market over the forecast period....

Following a slowdown in corporate banking and a shrinking interest rate differential, retail banking is becoming an increasingly important revenue source for banks. This is leading to the transformation of major commercial banks, which are ...

The strong growth in debit cards transaction value seen in 2019 was supported by the growing popularity of e-wallets and the boom in internet retailing in the Chinese market. E-wallets require consumers to link them with bank cards to activate their ...

In 2019, financial card transactions saw robust current value growth in the Chinese market, as consumers continued to move away from cash to alternative forms of payment. Amongst financial cards, credit cards saw the most dynamic performance in terms...

In 2019, pre-paid cards experienced decline in terms of both the number of cards in circulation and transaction value. Moreover, this was true for both closed and open loop pre-paid cards. A key factor in this decline was the imposition of a stricter...

There were no store cards in circulation in China at the end of the review period, and there are currently no expectations of any entering the market over the forecast period....

Packaged consumer goods in China are being shaped by shifting market conditions as well as changes in consumer demand and behaviour. Within beverages, new technologies and subcultural elements are widely used on labels, making the products more ...

Store cards have not established a presence in China, with credit cards almost entirely responsible for card lending. Placing a growing emphasis on retail banking, major commercial banks were particularly focused on promoting credit cards to younger ...

Consumer lending continued to see strong growth in China in 2019, though at a slower rate than in previous years. Consumer lending remains in a relatively early stage of development in China, with significant potential for further expansion. ...

Driven by China and India, Asia’s developing economies saw healthy rates of growth in 2018. Japan’s economic prospects are less favourable however. Too many of Asia’s economies are excessively dependent on exports and large inflows of foreign ...

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