Chinese banks offering consumer loans at 2.6% with approval times of 60 seconds and you’re bearish?

For the record, Chinese economy has many problems but high rate of default for consumer / personal loans is NOT one of them. Just look at how low the NPL ratio is for Bank of China's personal loans (lower than literally every other category save for "financial services") pic.twitter.com/c4YHS6Ypbk

— Jack Farley (@JackFarley96) March 19, 2025

This sounds like reckless lending and an unsustainable financial bubble. Fast-tracked loans, especially at such low rates, don’t inspire confidence, they signal risk. With the global economy teetering, relying on quick loans for growth is short-term thinking. Stay bearish; the cracks in this system are glaring.