Chinese depositors are not satisfied with their current income and they are not optimistic about future income.
This chart clearly shows the impact of the stock market crash. The top dark blue are depositors willing to spend a lot more, the light blue is save a lot more, the red is invest a lot more. Notice the spike and then drop in Q2 and Q3.
Here are the numbers behind those charts:
Source: 2015 年第三季度城镇储户问卷调查报告
Fannie and Freddie: Single Family Serious Delinquency Rate Decreased,
Multi-family Decreased in March
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Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie:
Single Family Serious Delinquency Rate Decreased, Multi-family Decreased in
March...
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