A record 8.5 million Chinese borrowers are now blacklisted for not paying their debts, a report says. They're feeling the same financial pressures as Americans.
www.businessinsider.com
Chinese consumers are defaulting on their credit cards, mortgages, and other debts in droves. Americans are also feeling financial pressures today.
  • metaStatic@kbin.social
    71·
    7 months ago

    if the government is increasing it’s debt you know someone has that money.

    The only question is who. The ultra rich or 8.5 million Chinese? it’s a mystery I’m sure we’ll never solve.