Why China’s P2P meltdown will allow the industry to thrive

China’s online lending bubble is on the verge of bursting after a mass closure of peer-to-peer lending sites. It is an inevitable step to a healthier development of the market.
August 13, 2018

“Apply in one minute, review in one minute, and get your money within two minutes,” This advertisement by a Chinese peer-to-peer lending platform highlights just how quick and easy it is to borrow money online. But this is unlikely to last any longer.

¬ Haymarket Media Limited. All rights reserved.

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