China’s Ponzi-Dodging Pensioners Chase High Returns, Free LunchBloomberg News
Little-known investment firms promising 10%-60% annual returns
Fliers distributed outside supermarkets target China's seniors
Little-known private investment firms have been popping up all over China, luring pensioners’ savings by promising annual returns of more than 10 percent, and sometimes as high 60 percent, to fund cash-thirsty projects unable to get bank loans.
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