Microcredit Lenders Spin New Business in China’s Cashmere Capital - Caixin Globa...
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Microcredit Lenders Spin New Business in China’s Cashmere Capital
(Qinghe county, Hebei province) — Yang Dechao has done a brisk business in his new career since he returned to his hometown of Liulin, Hebei province, in 2015.
Yang, 33, has been working as an e-commerce agent accredited by companies that run online marketplaces, such as Alibaba Group Holding Ltd. His job is to help local business owners open stores on e-commerce sites like JD.com or Alibaba’s Taobao.
He also helps set up online payment accounts and offers referral for small loans from microcredit services to the business people of the area, known for decades for its vi-brant cashmere wool industry. Qinghe county, where Liulin is located, is home to hundreds of small mills, many of which operate out of simple farmhouses.
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