Microloan systems have revolutionized the way we shop. Desperate for the latest, very slightly updated iPhone? Sign up for a month-to-month plan and break that price tag down into manageable morsels. Always wanted a jacuzzi but too cash poor to pay for it? According to the latest research from financial technology company Ant Financial, 45 million of the million people born after in China have an Ant Check Later microloan account.
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Female Chinese students ‘asked to hand over nude photos to secure loans’
Under the arrangement reported by state media this week, some college students have agreed to send photos of themselves naked, holding their identification cards, to potential lenders. In exchange, they became eligible for higher loan amounts — two to five times the normal sum, the state-run Beijing Youth Daily reported. Lenders tell the students they will publish the photos online if the loans are not repaid on time, often at usurious interest rates. Jiedaibao is a platform where individuals - often friends and acquaintances — can lend or borrow money, striking their own arrangements.
Lang Jingshan, a pioneer of photography in China Photo: china. The photo, which appeared during Lang's photography exhibition at the National Art Museum of China in October , was one of of his photographic artworks donated to the museum by his daughter Lang Yuwen. Lang took the photo in , with a girl surnamed Zhang as his model. It was said that the girl suffered brutal kicks and blows from her father who heard it four days later, as nude modeling at that time was regarded as shameful.