One Big Difference Between Chinese and American Households: Debt | WHAT REALLY HAPPENED


One Big Difference Between Chinese and American Households: Debt

In the fall of 2009, I was invited to Beijing by Tsinghua University to present a keynote address at the first China Consumer Finance Forum. It was a personal honor and it presented an opportunity for this Missouri boy to meet some Chinese leaders in the field of finance. One of the nicest by-products of the trip was to gain access to the first iteration of the Survey of Chinese Consumer Finances, collected by Tsinghua University and funded by Citibank (China) Co., Ltd. The data provide insights into their culture and, upon reflection, clues about our own.

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