Online lending

Chinese youths in debt crises due to uncontrollable spending habits: Suffocated by their debts and left at wit’s end, some went to the extremes and took their lives. (iStock)

Online lending is feeding the insatiable purchasing desire of Chinese youths

China’s young generation of overspenders is rapidly on the rise, fueled by the presence of an expanding online lending market. What will it take to stop them?