No online shopping, travel: China's punitive measures for 'blacklisted' debt defaulters (www.newsbytesapp.com)
Cross posted from: feddit.de/post/11225617...
Cross posted from: feddit.de/post/11225617...
Cross posted from: feddit.de/post/11225617...
Over the past five years, China’s household debt has surged by 50%, reaching an estimated total of US$11 trillion. This is largely attributed to a sustained housing boom, in which people have borrowed heavily to invest in multiple properties....
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