Executives at some Chinese banks and online lenders are reporting that more consumers are becoming delinquent on their credit card and loan payments; the worry is that this trend could snowball in the months to come; lenders are taking action by reducing loan originations as regulators are encouraging lenders to keep credit available; before the coronavirus hit China consumers were taking on every increasing debt which is also cause for concern; the WSJ digs into further data on what is happening China in this lengthy piece. The Wall Street Journal
