Apple's Chinese online store has added the ability for customers to buy products on credit. The interest-free monthly payments allow customers to purchase items between 300 yuan (US$48 as of this writing) and 30,000 yuan ($4,800), provided they have a China Merchants Bank credit card. The move is seen as a way for Apple to lure customers from buying cheap Android handsets, according to TechCrunch. The price of the entry level iPhone is 5,288 yuan ($850) -- which is about 6 weeks worth of pay for the average Chinese worker.
TechCrunch notes that the interest-free deal might be a limited New Year pro
