Naked Photos Used as Collateral by Chinese Online Moneylenders

China is in the process of changing from a producer-based economy to a consumer-based economy. But, among college-age students, this switch occurred years ago. In an effort to achieve status by possessing high-priced technology or luxury items, Chinese students have been taking out high-interest loans from online lending sites, often, with no intention of repaying … Continue reading Naked Photos Used as Collateral by Chinese Online Moneylenders