The Current State of Personal Loans in China

Executives at some Chinese banks and online lenders are reporting that more consumers are becoming delinquent on their credit card and loan payments; the worry is that this trend could snowball in the months to come; lenders are taking action by reducing loan originations as regulators are encouraging lenders to keep credit available; before the coronavirus hit China consumers were taking on every increasing debt which is also cause for concern; the WSJ digs into further data on what is happening China in this lengthy piece. The Wall Street Journal

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