Photographer: STR/AFP/Getty Images

China’s Murky World Where E-Commerce Meets Student Lending

  • Borrowing to buy phones is leading to high personal debt
  • Applicants don’t need credit history or parental approval

Across college campuses in China, a small army of marketers is recruiting students to borrow money at interest rates many times that charged by the nation’s banks.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.