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Insight: Beijing struggles to defuse anger over China's P2P lending crisis

Reuters  |  BEIJING 

By Shu Zhang and Elias GlennBEIJING (Reuters) - Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organise a protest planned for later that day.Across the city, others who had lost money investing in China's online peer-to-peer (P2P) lending platforms - including some who had travelled from as far away as Shandong and Shanxi provinces - got similar visits from police.By the time they were released, the demonstration they had planned using social media chat groups had fizzled amid a massive security response ...

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First Published: Sun, August 12 2018. 18:56 IST
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