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8min chapter
The onward march of Chinese debt
Business Daily
The Rise of Borrowing in China
Exploring the growing trend of borrowing in China, particularly among the younger generation, this chapter highlights the impact of debt accumulation on credit scores and financial opportunities. It discusses the role of digital platforms like Alipay and WeChat in facilitating borrowing and the use of social media for banking. The chapter also touches on the implications of defaulting on payments to these platforms and the concerns surrounding increasing consumer debt in the country.
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Discover
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