Central Banking

Chinese central banker - card development vital

CHINA - The Vice-Governor of the People's Bank of China Xiao Gang said Tuesday that the increased acceptance of banking cards was vital to raising commercial banks' competitiveness and facilitating daily life for the public.

Addressing an international seminar on banking card acceptance held in Beijing, Xiao said that the Chinese government paid great attention to the development of the banking card industry.

He said that China's banking card industry had made outstanding achievements over the

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