China's top court revises rules on private loan protections
CGTN, 21 Aug 2020
We open with a fresh move to reform China's judicial system. The country's top court has modified rules on handling disputes related to private loans. The move comes as the Supreme People's Court aims to improve the business environment and regulate private lending activities better. Chinese courts now will give legal protection to individuals and companies providing loans at or below four times the prime loan rate, China's market-based benchmark lending rate. Take a listen.
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