"Reviving the old thread... Sheer numbers and possibly recklessness are mind boggling.. All these on top of shadow banking/P2P lending platforms etc etc..


Mas four-year-old MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies. Borrowers apply with a few taps on a smartphone and receive cash almost instantly if theyre approved. The whole process takes three minutes and involves zero human bankers
The nations second-largest lender unveiled a mobile app in September that can process loan applications for as much as 5 million yuan in two minutes.

[link to www.bloomberg.com (secure)]
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07-08-2019, 05:36 AM #164
huja huja is offline
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07-08-2019, 08:29 AM #165
GeoTommy GeoTommy is offline
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Quote Originally Posted by huja
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Yuan Huaru, the former midwife of Wangs village, estimates that she performed about 50,000 to 60,000 forced sterilizations and abortions over her career; the former saw women being tied down and dragged away like pigs, while the latter at times involved inducing live births and then killing the babies.
Holy sh!t!"