Zuzana Fungá?ová|Laurent Weill
Understanding financial inclusion in China
Charles University|Bank of Finland|Bank of Finland|EM Strasbourg Business School|University of Strasbourg
use data world bank global findex database 2011 analyze financial inclusion china including comparisons brics countries find high level financial inclusion china manifested greater use formal account formal savings brics financial exclusion ie formal account mainly voluntary use formal credit however less frequent china brics borrowing family friends common way obtaining credit brics countries channels borrowing commonly used individuals china find higher income better education man older associated greater use formal accounts formal credit china income education influence use alternative sources borrowing overall financial inclusion constitute major problem china limited use formal credit create challenge economic development