Is it common for Chinese to store their cash at home rather than use a bank?- eChinacities Answers

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Ludovico

Posts: 335

Shifu

Q: Is it common for Chinese to store their cash at home rather than use a bank?

I heard that the current parental generation were used to doing this, because banking was not that popular in the 70s/80s. Is it true?

12 years 36 weeks ago in Money & Banking - China

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beaufortninja

Posts: 1197

Shifu

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For a lot of older Chinese people I know it's still very popular. They would rather keep most of their money at home rather than put it in the bank where it then becomes the government's money.

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12 years 36 weeks ago

wenna7

Posts: 650

Shifu

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Got to be kidding!
Should look through our house might find a lot cash somewhere that my mom even forgot.

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12 years 36 weeks ago

Njord

Posts: 1006

Shifu

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I have noticed there are A LOT of stores that sell only safes... So I have a feeling that many people do store large quantities of cash in their house and by the size of the safes they sell, I mean A LOT OF CASH!

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12 years 36 weeks ago

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