Correlates of credit card adoption in urban China
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Analysis of data from the 2008 Survey of Chinese Consumer Finance and Investor Education indicated that 30.0 % of the sample households held at least one credit card. Significant factors associated with the probability that an urban Chinese individual would hold a credit card included income, age, education, occupation, and awareness of credit card risks, default consequences, the credit system, and that late payments increase interest.
Sharpe, D. L., Yao, R., & Liao, L. (2012). Correlates of credit card adoption in urban China. Journal of Family and Economic Issues, 33(2), 156-166.