Yes, contrary to what is happening to Malaysia and its huge credit card excesses, the debit card rules supreme in China.
Credit cards are real difficult to obtain in the world's most populous nation. So the next best thing apart from carrying cash will be to have a debit card.
So, if you do not have much money in your bank account, you just cannot spend and thus avoid the spectre of cash crunch or worse,bankruptcy.
Perhaps, Malaysia should further tighten credit card accessibility, particularly amongst the easy spending youths!
