Analysts say a recent risk warning and new draft rules by China’s finance regulators could help deter some young people from borrowing money, but the moves will not affect overall consumption. Photo: Reuters
China’s new microlending curbs do not address underlying issue of household debt and borrowing, analysts say
- China’s regulators recently issued new rules targeting big fintech firms, but other sources of lending remain abundant for those who need cash
- Nation’s banking and insurance regulator is warning consumers not to fall into the trap of ‘uncontrolled and blind consumption’
Analysts say a recent risk warning and new draft rules by China’s finance regulators could help deter some young people from borrowing money, but the moves will not affect overall consumption. Photo: Reuters
