China’s one-child policy has had an unexpected side-effect: the children were indulged by their families and have grown into young adults who spend lavishly even if they don’t have the means to repay the debts they are accumulating. One commentator says it’s a social disease and a direct result of growing up under the Chinese…
China’s ‘Little Emperors’ Are Lavish Spenders Saddled With Huge Debts
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