Growth in debt of Chinese young people as use of credit products soars

China’s young people are looking to credit consumption tools as they face the strains of increased living costs and demand to maintain a higher standard of living than previous generations. According to Alipay’s “Young People’s Consumer Life Report”, 65 million of China’s nearly 170 million post-90s have opened an account on Ant Group’s consumer credit … Continue reading Growth in debt of Chinese young people as use of credit products soars