China's peer-to-peer lenders fight for survival

Government clampdown on credit cools once-hot business

YUSHO CHO, Nikkei staff writer

SHANGHAI -- China's peer-to-peer lenders face a Darwinian struggle for survival in 2019 with the number of operators expected to plunge dramatically for a second consecutive year amid the government's continuing crackdown on these private online financial services providers.

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