Jameswg

Chinese Cozy Up to E-Commerce

The Chinese government is extremely paternalistic, especially in online affairs, what would happen if many people would abuse credit and credit cards once they receive it? I know that U.S. college students abuse them and they grew up with them. If seemingly free money starts falling down on non-financially savvy consumers it could exacerbate income inequality in China and be at least a perceived destabilizing risk by the Government.