China’s Ponzi-Dodging Pensioners Chase High Returns, Free Lunch

  • 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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