How “professional debtors” bring a hidden banking crisis in China

There is a troubling trend in China where people are recruited into schemes to take on debts, often as part of a larger fraudulent activity, with no intention of repaying. The term “professional debtor” refers to individuals who take out debt on behalf of others without the intention to repay it. This underground economy operates openly yet covertly through social media platforms and poses a significant threat to Chinese banks.

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