‘Too easy to borrow’: debt plagues young people despite China’s scrutiny of fintech microloans

While Beijing’s tough stance on online lending has prompted big tech firms to scale back their services, smaller platforms have proliferated, enticing young consumers to borrow for lifestyles they can barely afford.

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https://www.scmp.com/tech/big-tech/article/3185463/too-easy-borrow-debt-plagues-young-people-despite-chinas-scrutiny?utm_source=rss_feed ‘Too easy to borrow’: debt plagues young people despite China’s scrutiny of fintech microloans