【正确答案】 Consumer Credit
While the concept of "consumer credit" is well known in developed countries like the United States, it' s something new to Chinese consumers. It was just last year that Housing Loans were introduced. Still, in the first half of 1998, China' s four major commercial banks loaned the equivalent of $ 6 billion to potential homeowners and real estate developers.
In just five months, one major bank granted $ 39 million dollars in Auto Loans. Banks are also offering Personal Loans, with which consumers can purchase major home appliances. Some families are taking out Education Loans, so their sons and daughters can attend prestigious universities overseas.