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China bans TV, radio advertisements for medical beauty loans By Reuters

© Reuters. FILE PHOTO – The Chinese flag can be seen in Beijing on April 29, 2020. REUTERS/Thomas Peter/File Photo

SHANGHAI (Reuters) – China on Monday banned advertisements for medical beauty loans from its televisions, radios and online platforms, saying such advertisements enticed young people with low interest rates, misled consumers and caused adverse effects.

This decision was made public by the National Radio and Television Administration in a press release.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.