China’s Millennials Willing To Take On Debt
PYMNTS
DECEMBER 12, 2016
Data from Boston Consulting Group and AliResearch projects that consumers younger than age 35 will drive 65 percent of consumption growth in China through 2020. They are largely more willing to take on debt than their parents and grandparents. percent of household debt in 2015 to 16 percent in 2016.
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