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  • Beijing struggles to defuse anger over China's P2P lending crisis

    08/12/2018 10:15:23 AM PDT · by Zhang Fei · 4 replies
    Reuters ^ | August 12, 2018 / 2:02 AM / Updated 4 hours ago | Shu Zhang, Elias Glenn
    BEIJING (Reuters) - Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organize a protest planned for later that day. Across the city, others who had lost money investing in China’s online peer-to-peer (P2P) lending platforms - including some who had traveled from as far away as Shandong and Shanxi provinces - got similar visits from police. By the time they were released, the demonstration they had planned using social media chat groups had fizzled amid a massive security response around the China Banking and...