China’s Murky World Where E-Commerce Meets Student LendingBloomberg News
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.
If you believe that you may have received this message in error please let us know.