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Millions of Chinese Blacklisted for Debt as Loan Defaults Hit Record High

Millions of Chinese Blacklisted for Debt as Loan Defaults Hit Record High
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Hong kongUniversity of hong kongHong kong generalZhang congzhiLi zhaoboLu xiaojuanChinese university of hong kongAsia pacific institute of businessFinancial timesAsia pacific instituteChinese universityCountry garden

Millions of Chinese blacklisted for debts as loan default hits record high: Report

Millions of Chinese blacklisted for debts as loan default hits record high: Report
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University of hong kongHong kong generalHong kongLi zhaoboLu xiaojuanZhang congzhiAsia pacific institute of businessChinese university of hong kongAsia pacific instituteChinese universityCountry garden

Millions of Chinese Blacklisted for Debt as Loan Defaults Hit Record High

Millions of Chinese Blacklisted for Debt as Loan Defaults Hit Record High
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Hong kongUniversity of hong kongHong kong generalLu xiaojuanLi zhaoboZhang congzhiChinese university of hong kongAsia pacific institute of businessFinancial timesAsia pacific instituteChinese universityCountry garden

Millions of Chinese Blacklisted for Debt as Loan Defaults Hit Record High - New Delhi Times - India s Only International Newspaper

Zhang Congzhi started borrowing money two or three years ago when online loans were easy to get. Now, the Changsha businessman has no money to repay those loans. “I’m in debt for more than 100,000 yuan [approximately $13,700],” Zhang told VOA Mandarin. “Nobody can help me. The only solution I can think of is to…

Hong kongUniversity of hong kongHong kong generalLu xiaojuanLi zhaoboZhang congzhiAsia pacific institute of businessChinese university of hong kongFinancial timesAsia pacific instituteChinese universityCountry gardenPhoto creditAssociated press

China: Millions blacklisted for debt as loan defaults hit record high

VOA quoting a report from the Financial Times said that defaults by Chinese borrowers have surged to a record high since the pandemic, with authorities blacklisting 8.54 million people from economic activities ranging from using toll roads to purchasing airline tickets and using payment applications.

Hong kongUnited statesUniversity of hong kongHong kong generalLi zhaoboLu xiaojuanZhang congzhiAsia pacific institute of businessChinese university of hong kongAmid chinaVoice of americaFinancial timesAsia pacific instituteChinese universityCountry gardenChina debt