Private lending disputes to increase

The number of private lending disputes involving large amounts of money in Zhejiang province has reached the peak in the last five years and is expected to increase until the end of the year, said a recent report by the Zhejiang High People's Court.

The report issued by the court on Tuesday showed that 58,037 private lending disputes involving nearly 28.4 billion yuan ($4.46 billion) were handled in the first two quarters by courts in the province.

The number of cases increased by about 27 percent and the amount related to the cases is up nearly 130 percent compared with the same period last year.