Struggling companies in China are turning to the under-regulated internet finance industry to ease their cash flow problems as suppliers and creditors fail to pay their bills.
Peer-to-peer exchange platforms have grown rapidly by matching unpaid bills with debt collection agencies at a big discount for the vendors.
The growth of these new forms of lending comes as debts are mounting in China’s traditional banking system — overall debt is 230 per cent of gross domestic product.
您已閱讀20%（479字），剩餘80%（1861字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。