Financial Inclusion in China: Use of Credit

Zibei Chen, Minchao Jin

    Research output: Contribution to journalArticle

    Abstract

    Limited access to credit can cause financial vulnerability for a household and economic loss for a country. Previous studies have shown that only small portions of the population in developing countries had access to formal credit, and few of them focused on Chinese populations. Using data from 2011 China Household Financial Studies, this study explores Chinese households’ credit use. We found that over half of the sample (53.21%) used credit, and only 19.77% used formal credit. Use of formal credit was associated with socioeconomic characteristics of household heads (e.g., employment, education) and households (e.g., income, net worth). The findings suggest that promoting financial inclusion in China involves expanding access to formal credit among the socially and economically disadvantaged households.

    Original languageEnglish (US)
    Pages (from-to)528-540
    Number of pages13
    JournalJournal of Family and Economic Issues
    Volume38
    Issue number4
    DOIs
    StatePublished - Dec 1 2017

    Fingerprint

    China
    Vulnerable Populations
    Population
    Developing Countries
    Financial inclusion
    Credit
    Economics
    Household
    Education

    Keywords

    • Access to credit
    • Chinese households
    • Financial inclusion
    • Formal credit

    ASJC Scopus subject areas

    • Social Psychology
    • Economics and Econometrics

    Cite this

    Financial Inclusion in China : Use of Credit. / Chen, Zibei; Jin, Minchao.

    In: Journal of Family and Economic Issues, Vol. 38, No. 4, 01.12.2017, p. 528-540.

    Research output: Contribution to journalArticle

    Chen, Zibei ; Jin, Minchao. / Financial Inclusion in China : Use of Credit. In: Journal of Family and Economic Issues. 2017 ; Vol. 38, No. 4. pp. 528-540.
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