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In Depth: Chinese Consumers Deluged With Cheap Loans

By Liu Ran and Jade Wang
2023年11月14日 20:38
Banks are undercutting each other amid the government’s calls to support consumption and economic growth

In the space of a month or so, three or four banks came knocking on the door of a top internet company in Beijing with some juicy offers — cheap personal consumption loans for staff in a group-buying arrangement.

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