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.