Chinese Bank Employees Resort to Mutual Lending for Economic Relief
As China's economy faces downturns and people's incomes fall, domestic demand is weakening. In response, the 'China Banking and Insurance Regulatory Commission' has promoted 'consumption loans' to stimulate the economy.
However, some financial media have observed that many bank employees are struggling to meet their lending targets. In a desperate move, they have initiated 'mutual lending' on social media, lending to one another to fulfill their tasks, often subsidizing interest payments from their own pockets.
In light of this, the Chinese government has prioritized boosting consumption and enhancing investment efficiency, leading banks to raise the loan limits and extend the terms for personal consumption loans.
Consequently, numerous posts from bank staff seeking to assist each other through mutual loans have surfaced on social media, reflecting the burdens they face in their demanding environments.
