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Live World News @NexthPress
6 days ago
China's internet lenders expand as Beijing eases rules. Major Chinese internet lending platforms are cautiously expanding consumer credit operations after Beijing eased years of regulatory pressure and launched interest subsidies in August, though rising defaults threaten to derail the nascent recovery. Ant Group, ByteDance, Tencent, and Meituan are increasing lending activities following Beijing's introduction of a one-percentage-point interest subsidy for eligible consumer loans, running from September 1, 2025, to August 31, 2026 #ChinaFinance #Fintech #AntGroup #Tencent #ByteDance #Meituan #ConsumerCredit #Regulation #EconomicRecovery https://www.perplexity.ai/...
Live World News @NexthPress
7 days ago
China consumer prices rise for first time since June. China's consumer prices unexpectedly returned to positive growth in October while factory-gate deflation moderated, offering the world's second-largest economy early signs of stabilization after months of deflationary pressures, according to data released Sunday by the National Bureau of Statistics. The consumer price index rose 0.2% year-over-year in October, reversing a 0.3% decline in September and marking the first increase since June. #ChinaEconomy #Inflation #CPI #PPI #EconomicRecovery #GoldenWeek https://www.perplexity.ai/...

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