The percentage of Chinese car buyers taking out vehicle loans is set to top 30 per cent soon, according to Autohome. Photo: Reuters

Car financing a new bright spot in Chinese economy

Outstanding car loans climbed to 670 billion yuan last year from 5 billion yuan in 2005 as mainlanders switch to spending over saving

Topic |   Autos

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The percentage of Chinese car buyers taking out vehicle loans is set to top 30 per cent soon, according to Autohome. Photo: Reuters
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