SPREADING ART: Shenzhen is making refined art performance more affordable to ordinary citizens

Credit Cards Not Candy

Nowadays, colleges and universities have become a big market for many banks and competition is fierce. At the start of every new semester, numerous banks will send their staff to promote credit cards among college students and some students even have two or three credit cards.

As long as they are able to pay off their overdraft, it's acceptable to give college students credit cards. However, students don't have stable incomes. By targeting this group, banks have to lower the threshold for card applications. Sometimes, they even do not check student applicants' repayment capabilities. An important reason for this practice is that banks know behind the students are their parents. If students can't pay back the credit, banks will turn to the parents to make good the outstanding amounts.

Tempted by the convenience of credit cards, some students get in debt over the heads. This undoubtedly will add more financial pressure to the families that are already struggling under the tuition burden. Banks, however, will always make profits.

Credit card rampancy on college campuses exposes moral risks of some banks' overemphasis on profits. Such an irresponsible business model affects students, their families and the banking system as a whole.

Qilu Evening News

Give Migrant Workers Skills

Though the family reunion-themed Spring Festival is still months away, the railway station in south China's Guangzhou City is already jammed with migrant workers waiting for trains to transport them back to their rural homes. With a large number of export-oriented factories in the Pearl River Delta collapsing due to the worldwide economic crisis, these workers are forced to return home several months earlier than usual.