Suning teams up with banks to promote credit card purchase

In China, Suning Appliance has announced that it will team up with eight commercial banks to boost credit card purchasing in its 50 stores in Beijing next month. In an attempt to increase sales amid the economic slowdown, Suning will allow customers with credit cards issued by China Merchants Bank, Industrial and Commercial Bank of China, China CITIC Bank, Bank of Communications, China Minsheng Banking and China Everbright Bank, to purchase home appliances in instalments, with the service and interest fee to be paid by Suning.

www.planetretail.net