NEW DELHI—India arrested a Chinese man on Dec. 25 for operating at least 11 apps offering small loans at extremely high-interest rates to Indian people who are between 20 and 40-years old. Experts see the potential for the Chinese regime to gather large amounts of data that can be used against India. Yi Bai, alias Dennis, was arrested by the cyber police in Hyderabad during a raid on a call center, for illegally running money lending mobile applications, reported DNA, an Indian media outlet on Saturday. The arrested include fifteen people nabbed from three different cities in India (Hyderabad, Delhi, and Bengaluru) while the main accused is a Chinese with Singapore residence, identified as Zixia Zhang, who has absconded along with an Indian accomplice. During the raids, the police also seized $271,503 (2 crore rupees), reported The Times of India. Some of the loan apps that they managed include Loan …