Ding Feng

6 days ago | caixinglobal.com | Ding Feng |Liu Ran |Denise Jia

Explore the story in 3 minutesChina's personal lending market is facing severe distress as of 2025, with branch managers of major state-owned banks actively pursuing clients to pay at least the interest on their loans to prevent defaults. The pressures have intensified from concerns in early 2024 into a crisis involving housing mortgages, consumer credit, credit card debt, and small business loans—all experiencing delinquency rates unseen since the 2008 financial crisis.

6 days ago | caixinglobal.com | Ding Feng |Liu Ran |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Every month, as interest payment deadlines approach, the branch manager of a major state-owned bank in eastern China braces himself.

2 weeks ago | caixinglobal.com | Wang Liwei |Ding Feng |Wang Shiyu |Denise Jia

Explore the story in 3 minutesU.S. Treasuries, long regarded as the ultimate safe haven, experienced unprecedented pressure in April. Bond yields spiked to multi-decade highs, with the 10-year yield jumping 56 basis points to 4.53%—the largest weekly increase since 2001—and the 30-year yield rising 44 basis points to 4.97%, the largest weekly gain since 1982.

2 months ago | caixinglobal.com | Ding Feng |Liu Ran |Zhang Yuzhe |Han Wei

Explore the story in 3 minutesWu Qing, a small garment factory owner in Shandong province, faced a financial crisis as his business deteriorated post-pandemic. He incurred 300,000 yuan in loans for business expansion in 2019, then borrowed another 500,000 yuan through consumer loans and credit cards to sustain his business amidst economic woes.

2 months ago | caixinglobal.com | Ding Feng |Liu Ran |Zhang Yuzhe |Han Wei

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Wu Qing found himself in an overwhelming predicament as his loan repayments piled up. The owner of a small garment factory in Shandong province, he had borrowed 300,000 yuan ($41,000) in personal business loans in late 2019 to expand production as his business took off. When the pandemic struck, however, his operations faltered.