In China today bad credit finance is the norm in the financial markets whether it is company finance or personal finance.
There are numerous lenders who will be more than happy to provide finance even if you have bad credit records.
China's financial standings in the global economy has become more prominent, even more so now. The Global economy is becoming more reliant on China to lead the way.
Market liberalization in the Chinese Economy has moved its leading economy further forward at a fast rate - but the rural China still remains in need of finance to increase it's people stability even as its cities increase in affluence.
Why does the US rely on China to boost it's economy?