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College Students Vulnerable to Online Lenders' Illegal Interest Rates

Mar 27, 2016 11:35 AM EDT

Online lenders are taking advantage of college students by offering them loans with inappropriate interests, government-backed publication Global Times revealed.

China Cuts Interest Rate Citing Growing Concerns Of Economic Slowdown, Will It Help?

Vinay Patel |

May 11, 2015 07:06 PM EDT

After registering dismal figures across domains, the Chinese government has announced a massive interest rate cut to 5.1% in order to battle the economic slowdown in the country

China Interest Rates Are Cut To Halt Weakening Economy; How Bad Are Things?

Althea Serad |

May 11, 2015 07:12 AM EDT

China’s interest rates were cut for the third time in six months in hopes of lowering companies' borrowing costs and increasing the country’s weakening economy, which is reportedly headed for its worst year in a quarter of a century. The announcement was made by The People's Bank of China, the nation’s central bank, on Sunday.