According to reports, the data shows that by the end of 20 16, the balance of mortgage loans of Chinese residents was about 20 trillion yuan, and the balance of consumer loans was only 5-6 trillion yuan, about four times that of consumer loans. According to the forecast of 20% growth rate, the scale of China's consumer credit will exceed 12 trillion yuan by 2020.

According to the report, an employee of a company in Nanjing said that in August this year, the whole family was going to travel abroad. At that time, I just paid the English training fee to my children, which added up to about 70,000 to 80,000. Unfortunately, money was a little tight at that time, so I thought I could borrow some money. Comparing the products of banks and Internet financial platforms, the bank consumer loan with lower interest rate was finally chosen.

Some students also said that at the beginning of the internship, they can get more than 2,000 pieces of internship salary every month, and the repayment pressure is not great, so I don't need to reach out to my parents for money. Now I am used to buying various electronic products by installment, such as mobile phones and computers.

Experts said that in recent years, consumption has replaced investment as the first driving force for economic growth, and it is inseparable from the support of financial means. From June to September this year, residents increased short-term loans for consumption by 1.49 trillion yuan, with a total increase of 1.79 times that of last year. Consumer finance shows an explosive growth trend.

I hope that while consumer credit is developing, it can effectively avoid related risks!