As of October 2020, over 57 percent of consumer finance users lived in tier-3 cities and below in China. The consumer finance industry in China grew in recent years because especially consumers from lower-tier cities increasingly relied on credit to finance consumption purchases.
User distribution of consumer finance in China between October 2018 and October 2020, by city tier
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MobTech. (December 30, 2020). User distribution of consumer finance in China between October 2018 and October 2020, by city tier [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1253235/china-consumer-finance-user-distribution-by-city-tier/
MobTech. "User distribution of consumer finance in China between October 2018 and October 2020, by city tier." Chart. December 30, 2020. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1253235/china-consumer-finance-user-distribution-by-city-tier/
MobTech. (2020). User distribution of consumer finance in China between October 2018 and October 2020, by city tier. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1253235/china-consumer-finance-user-distribution-by-city-tier/
MobTech. "User Distribution of Consumer Finance in China between October 2018 and October 2020, by City Tier." Statista, Statista Inc., 30 Dec 2020, https://www.statista.com/statistics/1253235/china-consumer-finance-user-distribution-by-city-tier/
MobTech, User distribution of consumer finance in China between October 2018 and October 2020, by city tier Statista, https://www.statista.com/statistics/1253235/china-consumer-finance-user-distribution-by-city-tier/ (last visited November 17, 2024)
User distribution of consumer finance in China between October 2018 and October 2020, by city tier [Graph], MobTech, December 30, 2020. [Online]. Available: https://www.statista.com/statistics/1253235/china-consumer-finance-user-distribution-by-city-tier/
