Name: 83 million people in China rely on online loans to survive, 34 million people are in loan default; loaning to repay loans has plunged Chinese people into an end | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming
Uploaded: 2025-09-13T09:05:52.982Z
Duration: 15 min 22 s
Description: Many people in China are in debt. Many need to rely on borrowing to repay mortgages and maintain dai... | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming

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Many people in China are in debt. Many need to rely on borrowing to repay mortgages and maintain daily consumption. China's online lending platforms have low entry barriers, and more and more people are leading a life of "borrowing to repay loans." Especially for those who have been unemployed for a long time, online loans have become almost their only reliance.

83 million people in China rely on online loans to survive, 34 million people are in loan default; loaning to repay loans has plunged Chinese people into an endless abyss.