Chinese internet lenders are feeling the pain of the economic slowdown


China’s internet lending companies are facing rising credit costs and a tougher environment for new loans due to the country’s slowing economy.

U.S. Listed Stocks Lufax Holding 360 Digitech and Lexin Fintech Holdings have dropped dramatically this year. Although all three are profitable, they have reported an increase in bad debts which some analysts say will only get worse.


Wj

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