Wall Street Journal: Young Chinese Spend Like Americans—And Take On Worrisome Debt

China’s younger consumers are not as frugal as past generations.  In fact, according to data from Oliver Wyman the average consumer spending of Chinese credit-card holders between ages 21 and 30 in 2016 was around $8,820, 39% higher than their average credit line of $6,360. Consumers can spend more than their credit limits by taking out additional loans from other channels, such as online lenders, or with subsidies from family.

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