Category: Credits and Loans

Central Bank registrar hits out at ambitious and ‘ill-conceived’ bids to challenge the nation’s lenders

For decades the Communist party controlled the movement and careers of China’s citizens through draconian systems of household registration and personnel files, paper records that included every black mark for unorthodox or politically incorrect behaviour.

Credit card debt reached a record high last month, as Britons borrowed billions to finance new cars, holidays and big-ticket items in a spending spree not seen since before the global financial crisis.