The report shows that nearly 80percent of the assets of urban households in China are used to buy houses.

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 The report shows that nearly 80percent of the assets of urban households in China are used to buy houses.


Urban household wealth health report shows that in 2018, every urban household in China has an average of 1.617 million yuan of assets. Urban households in China prefer to buy houses. The proportion of housing assets is as high as 77.7%, which is twice as much as that of American households (34.6%). Young and old families, low-educated families, low-income families accounted for the largest proportion of real estate. In addition, nearly 40% of Chinese householdsmoney lies in banks.

Source of this article: Sino-New Zealand Editor Responsible for Longitudinal and Latitude: Pan Qingqing_NBJS5830