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VISITORS PASS BY AN ADVERTISEMENT FOR CREDIT CARDS IN SHANGHAI, 2003-08-11 (photo)

IMAGE number
REU7787673
Image title
VISITORS PASS BY AN ADVERTISEMENT FOR CREDIT CARDS IN SHANGHAI, 2003-08-11 (photo)
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Photographer
Claro Cortes
Medium
photograph
Date
2003 AD (C21st AD)
Shooting Date
2003-08-11
Image description

Visitors pass by an advertisement for credit cards with "triple happiness" Chinese characters in Shanghai August 11, 2003. China, which is still largely a cash-based society, has seen a drastic increase in the use of 'plastics' with its financial infrastructure improving and increasing household wealth. About 24 million of the 438 million bank cards issued in the country are "quasi credit cards", which provide local currency overdrafts but require certain levels of deposits in bank accounts, Yuwa Hedrick-Wong, economic advisor for MasterCard International, said. REUTERS/Claro Cortes IV CC/CP

Photo credit
REUTERS/Claro Cortes / Bridgeman Images
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