China's economy is hot. And money in China is changing hands at an incredible pace. That leads many Western business people to assume that the average family in China has lots of disposable income and that they spend it freely. Not so...

The China Vortex recently discussed a report on consumer behavior in major cities in China. "According to the report, consumers are still frugal, and are reluctant to go into debt," CV said. There are some reasons for that.

There are some reasons for that mind set.


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