🇨🇳 💰Chinese investors lose billions to fraudulent P2P companies l Al Jazeera English

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.

#aljazeeraenglish

[seankhmersight]

Big crash coming. Hold on to your hats.

[michaellovell]

Greedy people who want to get rich without working for the money get no sympathy from me. I came up poor, and am still poor, but my security comes from having worked to pay off a modest home and from learning to be self sufficient.

[vintran]

Save your money" don't trust any one with your money.

[editorjohn]

Zhang Zhou is the same girl on another YouTube video who says she’s a rent-a-girlfriend. Is she even for real or just an actor?

[ghhjgfddgbnnjjjjjjhg]

China should bring tougher financial regulations
Financial literacy and accountability should be given top priority in China

[garylee]

Money is very very important to everyone on this earth! MONEY IS Important to people, company, state & countries!!

[DRTDC]

For a brief second, I thought this video was about phenyl-2-propanone LOL!!!

[kiminseattle]

Isn't "High return" sounds too good to be true?

[stevenchow]

I am one of the 320 million financial refugees in China, because my family has been deprived of millions of hard-earned money for decades by CCP. Now I can't even pay the insurance premium, and there are many people who are worse than me. This is a turning point for me to change my view on the Communist Party. Many financial refugees in China have been persecuted and died because of P2P, the so-called Internet financial innovation, which was vigorously advocated by the Chinese Communist Party government for five consecutive years Nearly 400 million people lost their pension money, medical expenses, housing money and school money in this scam led by the Communist Party of China. They no longer believe in the government, let alone CCP. This internet financial scam is a turning point for many people in China to hate the Communist Party of China. Hundreds of millions of victims complain about the autocratic rulers every day (P2P has been advocated by the CPC government for five consecutive years，What's more, CCTV and other domestic mainstream media vigorously publicize it). When people go to petition, they are suppressed and threatened by the Public Security Bureau and even sent to the bus for centralized detention. Senior officials pretend to be deaf and dumb, and they choose to be silent. They turn a blind eye to more than 300 million victims, and the public resentment will erupt sooner or later. I hope that the American media will expose more about the Communist Party's deprivation of domestic people's blood（hard-earned money）and the dark truth of the family's destruction and the separation of wives and children, I pray for the overseas organizations with a sense of justice to show me the way how to protect my rights!

[yapgimkwee]

I also have a gut feelings that China would face some kind of financial problems if not handled well. wish China all the best

[spectrallim]

She didn't look poor, probably could afford the loss.

[nananana]

Chinese shouldn’t complain about fraud

[fidelcatsro]

I should invest in Electric Mobile Devices like that!!

[PeterPan-qbtb]

want to make money then work..want to get scammed then give it to a scammer promising huge returns.

[jzk]

Erhm... that's not how investing works. You are essentially making a bet - if the investment works out, you get your money back plus interest. If things don't go as planned, then you lose your money. But you can't go and demand your money if things don't work out. Otherwise EVERYBODY would be investing and EVERYBODY would be rich.

[gfun]

Bitconect lol why people not learn from the pass and they stil do it again lol

[xx]

if you watch American Greed ( American Fools ), very simliar. Investors are promised HIGH RETURNS, they end up loosing all their They that took the $$$$ to invest INSTEAD doing something else and not telling the truth

[suraj-opbx]

I thought Chinese are hard working honest people

[arminius]

Better take care of Qatar because KSA is gonna dig a canal around you 😁

[haoliangzhang]

Rich man, most P-2-P lend make them money illegal.