CGTN America

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3 selected videos

U.S. students buried under crushing college debt

College debt has surged to alarming levels in the United States. Tens of millions of students owe enormous amounts. And many are defaulting. Correspondent Mike Kirsch reports from California on the growing debacle of student debt. A staggering 40 million students are in debt or have defaulted on their college loans in the United States. How much debt? Almost one and a half trillion dollars’ worth. And yet unlike failing Wall Street banks who declared bankruptcy during the 2008 recession,...

India launches new loan initiative for small businesses

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India has finally decided to include its small and unorganized sector into it's formal economy. Under a new scheme called MUDRA, Indian government will now give loans to small businesses that had little or no access to formal financial institutions.CCTV's America's Shweta Bajaj filed this report from new Delhi.

The impact of rising interest rates in the US on small businesses

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Rising interest rates in the U.S. mean higher financing costs for small businesses. And as many small business owners don't qualify for traditional loans, they usually turn to alternative lenders who can charge astronomical fees.