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China's P2P lenders target students

Regulator steps in as big boys pump millions into e-com sites that grant loans to students with no credit history
Tuesday, August 30, 2016 - 05:50

Beijing

ACROSS college campuses in China, a small army of marketers is recruiting students to borrow money at interest rates many times that charged by the nation's banks.

Those without a credit history or parental approval can borrow money to buy a smartphone, pay for holidays, or

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