China’s cash-strapped poor seek more debt as coronavirus hits job prospects

China’s cash-strapped poor seek more debt as coronavirus hits job prospects

Is China’s debt burden too much to bear?

Getty Images

BEIJING — Demand for consumer loans is picking up in China, especially among the less affluent, highlighting a group that some say could use more support during the coronavirus-induced economic downturn. 

The disease, officially called Covid-19, emerged late last year in the Chinese city of Wuhan. The virus has since spread rapidly…

View On WordPress