China’s Troubled Consumer Lending Industry Has Huge Growth Potential, Think Tank Says

China’s consumer finance industry could grow rapidly over the next five years thanks to the large proportion of people who lack access to consumer credit, a government-backed think tank said in a new report.

The report highlights the potential of a multi-trillion-yuan industry, which has been a breeding ground for financial risk thanks in part to the boom in internet financial platforms that provide easy access to credit.