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Over 25 Million Chinese Defaulters Rely on Online Lending to Survive
Summary by 大纪元 Epoch Times
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Since the outbreak of the COVID-19 pandemic, China's economy has continued to be sluggish, with unemployment rates among young and middle-aged people soaring. Many people have to rely on loans to survive in order to repay their mortgages and maintain daily consumption. According to statistics, an estimated 25 million to 34 million people in China will default on their personal loans in 2024 alone. Against this backdrop, online lending has become…
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