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China Doesn't Allow More Than 1% Interest On Purchases And Credit Cards.

 
News You Won't See
User ID: 67706422
France
09/07/2016 03:27 PM
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China Doesn't Allow More Than 1% Interest On Purchases And Credit Cards.
The Jewish and Anglo Christian Zionist Bankers won't like this.

Was watching CCTV news and saw that the Chinese were lowering ALL interest rates across their entire society and the highest was 0.9% and they were lowering THAT under Government mandate.

They said that this would spur growth.
Anonymous Coward (OP)
User ID: 67706422
France
09/07/2016 03:29 PM
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Re: China Doesn't Allow More Than 1% Interest On Purchases And Credit Cards.
Credit Card fees were 0.5% max and they were being lowered to 0.39%

epiclol
Anonymous Coward
User ID: 60537693
United States
09/07/2016 03:32 PM
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Re: China Doesn't Allow More Than 1% Interest On Purchases And Credit Cards.
Spend like there is no tomorrow!
Anonymous Coward (OP)
User ID: 67706422
France
09/07/2016 03:34 PM
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Re: China Doesn't Allow More Than 1% Interest On Purchases And Credit Cards.
Spend like there is no tomorrow!
 Quoting: Anonymous Coward 60537693


No wonder the Shylocks in the West hate China.
Ramen_Expert

User ID: 57845354
United States
09/08/2016 03:25 PM
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Re: China Doesn't Allow More Than 1% Interest On Purchases And Credit Cards.
Its easy to control interest rate in China. Most Chinese that hold credit cards have stable jobs and can pay back. But Americans have higher tendency to default and it costs so much money to go after debts. So American banks charge more.





GLP