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Discretionary and credit spending remain strong despite pressure from higher mortgage rates
- Published 07 Oct 2011
Chinese home owners are paying more in monthly mortgage interest but they are managing to increase discretionary spending by relying on more credit, according to China Confidential survey of 2,000 respondents in 236 first, second and third tier cities at the end of September.
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China Confidential Funds
China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.
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