News Snapshot:
A colossal 86.6 per cent of the 175 million people born in China during the 1990s are in debt, reveals Taiwan News citing a Chinese report. The report makes a revelation that Chinese youngsters between the age of 18 to 32 are prone to "buy now, pay later" option and also purchase high-quality products for better experiences even though they cannot afford them, according to the online newspaper. The time-saving and labour-saving products include shoes, washing machines, breakfast makers, and egg boilers, Taiwan News reported citing People`s Daily. READ | China urges citizens to stock food, basic groceries, sparks speculations...
