Rules to curb campus lending all bark, no bite
China Daily | Updated: 2017-04-18 07:28
THAT A COLLEGE student in Xiamen, East China's Fujian province, committed suicide recently because of the threats she received from lenders when she was unable to pay 570,000 yuan ($83,000) she owed, exposes the lack of supervision over the campus loan industry. Beijing News comments:
Based on her social media posts, the 20-year-old was clearly suffering from extreme anxiety in the last week of her life. The constant harassment from her creditors and her parents' indifference to her plight made her desperate.
The young woman was responsible for her own decisions, yet it is the authorities' responsibility to ensure young people are not preyed upon by the unscrupulous.
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