Regulatory shortcomings threaten survival of P2P industry in China, say insiders

Regulatory shortcomings threaten survival of P2P industry in China, say insiders

Shanghai, China. Photo by Merlin Kraus on Unsplash

Overburdened Chinese regulators have left the peer-to-peer lending industry to poorly staffed local governments, according to ex-regulators, threatening the survival of an important credit mechanism once seen as crucial for the country’s economy.

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