About 47.3% of credit cardholders in China use their cards at least once a week, according to Beijing-based CTR Market Research. The firm surveyed 4,515 consumers from 12 Chinese cities, including Beijing and Shanghai. Nearly 52% of cardholders from the largest cities covered by the survey reported making card transactions at least once a week, higher than the rates for smaller cities. Seventy-three percent of survey respondents reported using their cards mainly for purchases at department stores, while 59% reported using their cards at supermarkets. "Chinese [consumers] have formed a habit of using the credit card as a payment tool, but not a credit tool," Michael Zhan, an analyst with the research firm, tells CardLine Global. "Credit card installment payment is still in the early stages of development." Chinese banks have issued more than 104 million credit cards, according to the People's Bank of China.