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Wooing China's Credit-Card Users

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Andrew Browne reports from Shanghai for the Wall St. Journal on China's "credit card war".

David Von Emloh, a McKinsey partner in Shanghai, estimates that issuers are paying so much to lure customers that half of the cards now in circulation will never be profitable. There's a risk issuers "will destroy the economics of the industry," he says.

Posted: Oct 3, 2005 06:25 AM Pacific | Permalink | |

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