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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (225244)	3/4/2003 12:10:26 PM
From: RealMuLan	Read Replies (1) \| Respond to of 436258

>>While the Chinese are saving to purchase things the capital is available for investment. << hehe, the investment mostly is from the overseas Chinese, although the US direct investment increase a lot after China joining WTO. And Chinese banking system need some serious reform because the majority of the savings are sitting there, and the bank is very conservative in lending them out to individuals. Housing loans has only had 7-8 years of history in China at most, and the individual car loan has only started in these 2 years. And basically, almost all the credit card in China are secured (means you can only spend what you have in your account). And I read, the individual savings this year (2003) increased 60% or so.