How China's P2P crunch helps deleveraging drive

China's crackdown on online microlending may send shockwaves across the financial industry in the short run but will likely benefit the country's deleveraging efforts.

As Beijing steps up its efforts to wean the Chinese economy off an excessive debt-rich diet it seems ready to exchange short-term pain for long-term gain.

¬ Haymarket Media Limited. All rights reserved.

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