concept   debt
culture   China
statement   In China, personal debt is stigmatized and alternative investments and family financial support are preferred.
10 similar statements
# Concept Culture Statement Freq.
1 borrowing China Borrowing money is often discouraged as it can strain relationships and cause loss of face. 1
2 borrowing China Borrowing money from family or friends is more common than seeking loans from financial institutions 1
3 debt China In these cultures, owing money to others is often seen as shameful and may bring loss of face to the debtor. 1
4 debt China Debt is generally frowned upon and carrying personal debt is seen as a sign of financial irresponsibility and weakness. 1
5 debt instrument China Less commonly used as a means of raising capital, with a greater emphasis on bank loans and alternative financing methods. 1
6 debt instrument China Less commonly utilized investment vehicle, with a heavier reliance on savings and personal networks for financial assistance. 1
7 debt security China Investing in debt securities is less common among individual investors, as they prefer other forms of investment such as real estate or gold. 1
8 debt security China Less commonly utilized as an investment vehicle compared to equity securities. 1
9 financial security China Emphasis on collective financial security through family support and generational wealth. 1
10 government debt China Holding government debt is considered a sign of patriotism and support for the country's development. 1