Chinese Shoppers Can Buy Bad Loans Online With Groceries

The video discusses the non-performing loan (NPL) issue in China, highlighting that despite a decrease, NPLs remain at a 12-year high. The Chinese government is encouraging banks and asset managers to address this through market-based solutions, leading to auctions on platforms like Taobao. These auctions feature a variety of bad loans and assets, including loans from steelmakers and properties in cities like Beijing. The video provides insights into the types of deals available and the collateral associated with these loans.

Can you describe an example of a loan that was auctioned off, including its starting bid?

What collateral is associated with some of the debts and loans mentioned?