Breakingviews – China creates an even bigger consumer credit mess. Spending plan: administration to accomplish payday loaning with no-interest loan scheme
HONG KONG (Reuters Breakingviews) – Beijing quickly requires something to measure specific default chances. Given skinny credit score rating records at bankers, it wishes economic innovation giants handy over important facts troves to state-run enterprises in exchange for fraction stakes. Ant and colleagues posses need to resist.