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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.
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2 months ago | 
caixinglobal.com | Ding Feng |Liu Ran |Zhang Yuzhe |Han Wei
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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.
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Jan 19, 2025 | 
caixinglobal.com | Ding Feng |Liu Ran |Wu Yujian |Quan Yue
Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
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Jan 19, 2025 | 
flipboard.com | Ding Feng |Liu Ran |Wu Yujian |Quan Yue |Han Wei
9 hours ago‘Historic Grift’: Trump’s Memecoin Creates Billions Out of NothingPresident-elect Donald Trump’s new cryptocurrency became the second-largest meme coin by market cap over the weekend, creating a potential windfall …1 day agoUnitedHealth CEO finally addresses outrageAndrew Witty, CEO of UnitedHealth Group, responds to America's frustrations.
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Jan 19, 2025 | 
caixinglobal.com | Ding Feng |Liu Ran |Wu Yujian |Quan Yue
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When Li Zhen went to renew the 50,000 yuan ($6,824) she had locked into a 5-year fixed deposit back in 2020, she was taken aback by the bank’s latest offering. The interest rate for same term deposits at large state-owned banks had fallen to around 1.6%, a stark contrast to the 4.2% she had earned five years ago.
Finding a reliable, safe alternative with decent returns is no easy task.
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Jan 14, 2025 | 
caixinglobal.com | Zhang Yuzhe |Ding Feng |Qing Na
Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
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Jan 14, 2025 | 
caixinglobal.com | Zhang Yuzhe |Ding Feng |Qing Na
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The explosion in China’s cross-border e-commerce fueled by online platforms such as Temu, Shein and Amazon, as well as flourishing international tourism, has led to a boom in business for companies that process and settle international payments.
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Dec 9, 2024 | 
caixinglobal.com | Ding Feng |Han Wei
Explore the story in 3 minutesIn 2025, China is set to loosen its monetary policy to stimulate domestic demand, moving away from the "prudent" stance held for the last 14 years. The Politburo, a significant political body in China, has announced a shift to a "moderately loose" monetary policy coupled with "more proactive" fiscal measures to boost consumption and stabilize the economy against external shocks.
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Dec 9, 2024 | 
caixinglobal.com | Ding Feng |Han Wei
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China is to loosen its monetary policy in 2025 and adopt measures designed to further expand domestic demand, marking a shift from the “prudent” monetary stance maintained for the past 14 years.
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Dec 2, 2024 | 
caixinglobal.com | Ding Feng |Denise Jia
00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Claims that the countries that make up BRICS, a grouping of emerging market economies, were backing a cross-border payment system known as BRICS Pay have been exposed as a hoax. The ambitious ruse, involving fabricated news and a fake website, emerged during the group’s October summit in the Russian city of Kazan with claims that a pilot project had been launched in China.
