May 04, 2023 09:27 AM

CX DAILY

CX Daily: Why Time Banks Haven’t Caught On in China

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In Beijing, volunteer Jiang Xiuping bids farewell to an elderly person with visual impairment whom she has just served. Photo: Zhang Ruixue/Caixin

In Beijing, volunteer Jiang Xiuping bids farewell to an elderly person with visual impairment whom she has just served. Photo: Zhang Ruixue/Caixin　

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In Depth: Why time banks haven’t caught on in China

In China, time banks have existed since 1998. However, they have been slow to get off the ground due a host of factors including a lack of participants, promotion, financial support and standardization that would allow people who volunteered in one region to cash in their credits in another.

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