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Major Nikon

(36,922 posts)
9. The Chinese don't seem to be as credit happy as Americans
Wed Dec 11, 2013, 10:32 PM
Dec 2013

At least that's been my observation. They tend to pay cash for things a lot more often. That doesn't mean they don't have other financial worries which seem to be significant. Life in Chinese cities seems to be very expensive relative to their incomes. Even though new housing construction is growing at an incredible rate, there still doesn't seem to be enough of it to go around and the prices reflect that.

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