Taming Shadow Banking Stalls in Wenzhou One Year After Suicides

Taming Shadow Banking Stalls in Wenzhou One Year After Suicides

Imaginechina

One year after China’s leaders picked Wenzhou, seen here, to start a pilot program designed to curb and regulate the city’s informal shadow-lending networks, it’s clear, based on a recent trip to the country’s epicenter of private lending, that the plan isn’t working.