SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (28581)2/9/2003 1:44:22 PM
From: Moominoid  Read Replies (1) | Respond to of 74559
 
But even if Chinese students who only lived on limited scholarships would not borrow money for every day consumption.

That's not what I am seeing... and I am talking about Mainland China... for tuition and consumption (as working in the US is not allowed outside the university if you are a student) ... preference to borrow from other Chinese people first. Some of those then turn around and borrow from the bank. My sample is very small :) and I do hear your sentiments on other websites. I am told though by my friend that Chinese people have no problem to lend to each other in (perceived) need and a sense from their perspective that other ethnic (i.e. white/European) groups in the US don't do this and are therefore mean or whatever...

The Chinese Banks example is from a paper just published in the Annals of the Association of American Geographers on banking in the Chinese community in Los Angeles.

I've been to San Gabriel. It is a pretty amazing place...

David