Buy now, pay later: 87% of young Chinese are debt-ridden, says report
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A colossal 86.6 per cent of the 175 million people born in China during the 1990s are in debt, reveals Taiwan News citing a Chinese report. The report makes a revelation that Chinese youngsters between the age of 18 to 32 are prone to "buy now, pay later" option and also purchase high-quality products for better experiences even though they cannot afford them, according to the online newspaper.