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Today, Bai is more than $5,000 in debt, on a paycheck of less than $600 a month. With more than $100 billion worth of loans and rising worries among Chinese consumers about privacy, Beijing is moving to rein in a freewheeling, well.
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Beijing is moving to rein in a freewheeling, well-funded boom in online personal loans. HONG KONG: Bai Shichao has a debt. Today, Bai is more than $5,000 in debt, on a paycheck of less than $600 a month. "It’s like gambling," said.
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