According to a survey conducted in 2019 among consumers of financial products in China, about 71 percent of respondents stated that they took into account their ability to pay back the loans before applying for one. Chinese consumers seemed to be conscientious about repaying loans that they took out, with close to 55 percent of respondents stating that they would pay back credit card loans in full.
Respondents who took in consideration their ability to repay loans when applying for loans in China as of 2019
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People's Bank of China. (July 31, 2019). Respondents who took in consideration their ability to repay loans when applying for loans in China as of 2019 [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1035012/china-consideration-own-ability-to-pay-when-applying-for-loans/
People's Bank of China. "Respondents who took in consideration their ability to repay loans when applying for loans in China as of 2019." Chart. July 31, 2019. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1035012/china-consideration-own-ability-to-pay-when-applying-for-loans/
People's Bank of China. (2019). Respondents who took in consideration their ability to repay loans when applying for loans in China as of 2019. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1035012/china-consideration-own-ability-to-pay-when-applying-for-loans/
People's Bank of China. "Respondents Who Took in Consideration Their Ability to Repay Loans When Applying for Loans in China as of 2019." Statista, Statista Inc., 31 Jul 2019, https://www.statista.com/statistics/1035012/china-consideration-own-ability-to-pay-when-applying-for-loans/
People's Bank of China, Respondents who took in consideration their ability to repay loans when applying for loans in China as of 2019 Statista, https://www.statista.com/statistics/1035012/china-consideration-own-ability-to-pay-when-applying-for-loans/ (last visited December 03, 2024)
Respondents who took in consideration their ability to repay loans when applying for loans in China as of 2019 [Graph], People's Bank of China, July 31, 2019. [Online]. Available: https://www.statista.com/statistics/1035012/china-consideration-own-ability-to-pay-when-applying-for-loans/
