China’s peer-to-peer lenders face crisis, investors face ruin
via dw: A major upheaval is underway in China’s peer-to-peer (P2P) finance sector after numerous cases of fraud and negligence. As loans helped finance cars and property, could the crisis worsen the country’s economic slowdown? It’s not a great time to be a small-time Chinese investor. The Shanghai stock market lost 25 percent of its value last … Read more