Chinese consumer debt has increased sharply in the past five years. Photo: XinhuaChinese consumer debt has increased sharply in the past five years. Photo: Xinhua
Chinese consumer debt has increased sharply in the past five years. Photo: Xinhua

China’s debt collection firms flourishing as coronavirus batters economy

  • Collection agencies hiring extra staff to meet huge demand
  • Delinquency rate for consumer debt is rising and collecting has become far more difficult, expert says

Topic |   China economy
Chinese consumer debt has increased sharply in the past five years. Photo: XinhuaChinese consumer debt has increased sharply in the past five years. Photo: Xinhua
Chinese consumer debt has increased sharply in the past five years. Photo: Xinhua
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