That’s not good for China’s economy, as the government looks to consumer spending to provide more of the fuel for growth. And, as a rash of online lenders mushroom to fill the void left by state banks that won’t lend to most consumers, regulators say a viable credit-scoring system is increasingly critical as a safeguard against the risk of widespread defaults.

https://www.wsj.com/articles/a-missing-piece-in-chinas-economy-consumer-credit-ratings-1506304981