Daily News: Odd News - China central bank office mobbed by borrowers seeking free loans

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Thursday, Jul 11, 2013 02:42 AM PDT
Today's Odd News - Reuters News Headlines - Yahoo! News: China central bank office mobbed by borrowers seeking free loans

China central bank office mobbed by borrowers seeking free loans  Thursday, Jul 11, 2013 02:42 AM PDT BEIJING (Reuters) - About 1,000 hopeful borrowers overran a branch of China's central bank as a rumor spread that it was handing out zero-interest loans, media said on Thursday, illustrating how Chinese financial know-how badly lags growth in banking products. Police were called in on Tuesday to disperse the crowd, which had gathered for days outside the central bank in Beihai in the southern province of Guangxi, the Global Times said. The rumor had spread that the People's Bank of China was distributing interest-free loans of between 50,000 yuan ($8,200) and 500,000 yuan. ... Full Story

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