Stay at home by the Cov, many Chinese left behind their debt

China is the side toward which may be its first credit the recession for decades, as a personal loan repayment of arrears of the state to climb over the Cov pandemic.

In recent weeks, the managers in some of China’s banks and online loan the platform the more consumers are behind in their credit card and loan payments, which might snowball into higher defaults in the coming months. Some loans have reduced loan originations as a result, although regulatory requirements to keep credit flowing through the economy.

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