World News@lemmy.worldEnglish · 11 months ago

A Record 8.5 Million Chinese Borrowers Blacklisted for Not Paying Debts

www.businessinsider.com

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A Record 8.5 Million Chinese Borrowers Blacklisted for Not Paying Debts

www.businessinsider.com

alphacyberranger@lemmy.world to

World News@lemmy.worldEnglish · 11 months ago

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.

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BitingChaos@lemmy.world
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11 months ago
Punishing the poor and making things harder for them to dig out of their situation is certainly for the best!
- ares35@kbin.social
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  11 months ago
  gotta keep the chains tightened somehow!
- foggy@lemmy.world
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  11 months ago
  You didn’t think they would level the playing field before trying enslavement, did ya?

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