Delegates attend the closing ceremony of the party congress in October. Party members already receive preferential treatment when they apply for jobs in state firms or for government positions. Photo: AFP

Need a personal loan? Sure, if you’re a Communist Party member

Small Chinese bank offers special product just for cadres, who can borrow up to 100,000 yuan to finance businesses, buy cars, decorate their homes or travel

Topic |   China economy

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Delegates attend the closing ceremony of the party congress in October. Party members already receive preferential treatment when they apply for jobs in state firms or for government positions. Photo: AFP
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Sidney Leng

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.