Sponsor Message:
Non Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
The Great Depression II  
User currently offlineZone1 From United States of America, joined Jan 2005, 1036 posts, RR: 7
Posted (9 years 2 weeks 2 days 17 hours ago) and read 2048 times:

This time it will start in China.

"Xiao Feng, a former investment consultant at a futures company in Nanjing, put his three apartments and two vehicles - worth 5 million yuan - up as collateral days ago to get a 10 million yuan loan to invest in the stock market.

But the cost of borrowing is high - with an annual interest rate of 25 percent, he'll have to pay the lender 2.5 million yuan in interest at the end of the year, reported the Nanjing Morning Post on Wednesday."


/// U N I T E D
1 replies: All unread, jump to last
User currently offlineNewark777 From United States of America, joined Dec 2004, 9348 posts, RR: 27
Reply 1, posted (9 years 2 weeks 2 days 16 hours ago) and read 2018 times:

Quoting Zone1 (Thread starter):
with an annual interest rate of 25 percent

Damn, that's crazy!  Wow!

Wouldn't want to be borrowing in China right now.


Why grab a Heine when you can grab a Busch?
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
The Great U.S. Politicians Since The Depression posted Thu May 1 2003 19:07:20 by Alpha 1
The Great Bekachoo Bettle Story... posted Mon Mar 5 2007 09:35:58 by AndesSMF
Is A Second Great Depression Coming? posted Tue Feb 27 2007 18:31:42 by Matt D
The Great Immigration Debate posted Wed Jan 31 2007 03:04:35 by Yu138086
The Great People Of New York City posted Thu Jan 4 2007 20:42:13 by Captaink
The Great Xmas 2000th Post Self Gloss posted Sun Dec 24 2006 17:40:38 by Noelg
Possible Explanation For The Great Flood? posted Fri Dec 1 2006 19:28:48 by Derico
It's The Great Dolomite, Charlie Brown! posted Sat Oct 14 2006 01:48:22 by AsstChiefMark
Blaise Campaore The Great Africa's Mediator posted Sat Aug 26 2006 20:09:57 by Arifu Gobakuwi
The Great A.net Spoons Giveaway posted Tue Aug 15 2006 15:25:50 by Braybuddy