People’s Daily Online reports on an announcement by the People’s Bank of China about the China National Advanced Payment System - a high-value payment system that enables instant clearing between banks nationwide. A bank spokesman also said “the central bank has also been promoting the use of bank cards, and nearly 1.3 billion bank cards had been issued.”

People’s Daily Online reports on an announcement by the People’s Bank of China about the China National Advanced Payment System - a high-value payment system that enables instant clearing between banks nationwide. A bank spokesman also said “the central bank has also been promoting the use of bank cards, and nearly 1.3 billion bank cards had been issued.”

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