{"id":134504,"date":"2025-08-14T08:16:33","date_gmt":"2025-08-14T08:16:33","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=134504"},"modified":"2025-08-14T08:16:33","modified_gmt":"2025-08-14T08:16:33","slug":"why-debt-shy-chinese-consumers-may-snub-loan-subsidy-scheme","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=134504","title":{"rendered":"Why debt-shy Chinese consumers may snub loan subsidy scheme"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostAs China rolls out subsidies for personal consumer loans, covering part of the interest costs, Beijing\u2019s latest effort to spur spending is likely to be tested by a deeply ingrained public attitude: saving.<br \/>\nFor many Chinese households, including Mary Lin, a 54-year-old primary school teacher, borrowing to spend remains unimaginable.<br \/>\n\u201cExcept for a mortgage, I\u2019ve never taken out a bank loan in my life,\u201d she said.<br \/>\n\u201cTaking out a bank loan to spend isn\u2019t popular for people of our generation, unless&#8230;<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3321850\/why-debt-shy-chinese-consumers-may-snub-loan-subsidy-scheme?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostAs China rolls out subsidies for personal consumer loans, covering part of the interest costs, Beijing\u2019s latest effort to spur spending is likely to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/134504"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134504"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/134504\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134504"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}