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Financial products keeping step with surging demand

By He Wei in Shanghai and Ouyang Shijia in Beijing | China Daily | Updated: 2019-02-12 07:23

Sector's development boosts credit and spending growth while heading off risks

Wang Qianqian earns 6,000 yuan ($890) a month as a high school administrator in Shanghai. But the prohibitive cost of big-ticket items such as the new iPhone XS has not been a problem for her.

A regular user of consumer credit service Huabei, Wang has been indulging in the embedded camera that takes more professional photos, and paying for the gadget in 24 monthly installments.

Financial products keeping step with surging demand

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