Amid Social Unrest, China Set To Purge $176 Billion P2P Loan Market
Zero Hedge -

Back in August, when discussing the "source of China's next debt crisis", namely the recent explosion in Chinese household debt which over the past year has soared by over 40% even as credit growth across other debt categories remained relatively stable...

... and which was on the verge of surpassing the nation's corporations as the biggest source of credit demand, we highlighted the one financial sector that has recently emerged as most at risk in China's economy: online peer-to-peer lenders...


In related news