Tag Archives: Beijing

MU Researcher Says Chinese Credit Market Remains Underdeveloped

*Survey reveals urban Chinese households maintain high saving rates and are unwilling to utilize credit* 

COLUMBIA, Mo. ­— The Chinese government has made several reforms to its economic policies in recent years. Despite these reforms, a new study shows that Chinese households are not utilizing their credit market to its fullest extent. Rui Yao, a researcher in the department of Personal Financial Planning in the College of Human Environmental Sciences at the University of Missouri, says a recent survey of urban Chinese households shows that the Chinese credit market remains underdeveloped.

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Sandstorms and desertification

Saturday, and again on Monday (22nd March) Beijing and part of eastern China was hit by two successive severe sandstorms originating in northern China. And the fine dust travelled not only to Taiwan, but as far as to the western United States.

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