The People’s Bank of China has started collecting data from the murky world of online financing, in which firms make loans for everything from weddings to mining projects. It’s a growing part of a shadow banking market that ballooned 30 percent last year to 53 trillion yuan ($8.1 trillion), or four-fifths the size of the economy, Moody’s Investors Service data show. The PBOC also wants to make trading in some commercial loans transparent by building an exchange for transactions, according to local media reports.Most of it in WMPs...
Biden Wants the Wealthy to Pay Their “Fair Share”, What Percentage Is That?
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What percentage of all income tax collection should the top 1 percent pay?
Top 10 percent?
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