In China, a mysterious group has emerged, known as “professional debtors.” They may have originally been impoverished farmers from remote villages, city drifters, or even severely ill patients. However, they end up shouldering high debts that were not originally theirs, becoming discredited individuals, commonly known as “laolai” or deadbeats.
#chinaobserver
All rights reserved.
New Financial Bomb in China: Banks Possibly Drained, Professional Debtors & Insiders Trigger Crisis
