More than 20,000 college students in the Chinese city of Wuhan have taken out high-interest loans in the past year to buy high-end electronics — mostly Apple products — according to a report. From Jan. 2012 through Feb. 2013, these loans totaled about $25.7 million in value, with about 90 percent of the credit used to buy Apple products, according to a credit manager. The loans, offered by Home Credit China, carry annual interest rates of over…
