Chinese investors lose billions to fraudulent P2P companies
The collapse of the $190bn peer-to-peer lending industry in China in July causes worries of another global financial crisis.
It has been 10 years since the global financial crisis.
Many analysts are wondering if another one is brewing and, if so, where will it come from?
The Bank of England governor has singled out China’s financial system as “one of the bigger risks” to global financial stability.
Part of China’s massive shadow banking system has recently been facing a crisis of its own, one which has similarities to the subprime meltdown a decade past.
Al Jazeera’s Scott Heidler reports from Hangzhou.
Published On 15 Sep 2018