To help China with a needed economic shift toward consumer spending, online lenders use detective work and other creative ways to make up for a lack of credit information
As China's leaders attempt to guide its economy away from a reliance on manufacturing, they are facing a population with little credit history and a notable lack of access to credit cards, loans and other traditional bank products. Online lenders have stepped in with products tailored to the nation's rising consumer class, and in one case have employed on-the-ground surveillance of potential borrowers to assess their creditworthiness.
China in 2 minutes a day
More from SupChina
Friday, January 20
Jan 20, 2017