China’s small banks are having difficulties. Savings could be completely lost.

China’s small banks are having difficulties. Savings could be completely lost. According to a calculation made in April by the state-owned magazine Sanlian Lifeweek, as many as 400,000 banks customers throughout China were unable to access their savings. This is a drop in the vast ocean of China’s banking system, but about 4,000 small lenders… Continue reading China’s small banks are having difficulties. Savings could be completely lost.

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Chinese developers are attempting to sell homes by offering free hogs and wheat as down payments

Chinese developers are attempting to sell homes by offering free hogs and wheat as down payments.   To entice buyers, some Chinese real estate developers would do everything. The unorthodox sales techniques highlight the dismal status of China’s enormous real estate market, from accepting grain or garlic as partial payment to providing live pigs as… Continue reading Chinese developers are attempting to sell homes by offering free hogs and wheat as down payments