Despite China's scrutiny of online credit, smaller services have proliferated in China, as the penetration rate of online microlending reached 69.2% in 2021 (Yaling Jiang/South China Morning Post)

Yaling Jiang / South China Morning Put up:

Regardless of China’s scrutiny of on-line credit score, smaller providers have proliferated in China, because the penetration charge of on-line microlending reached 69.2% in 2021  —  Trams and cast-iron postboxes communicate to the historical past of the town, whereas delicacies comparable to fishballs and egg waffles are avenue meals necessities …

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