“For several decades China been chasing this property bubble – and in order to create this bubble, or to fuel growth in China, they needed capital. So they started getting a lot of money from individual investors offering very, very high returns. And it worked for quite a while because the property prices were going up and it’s a win-win for everybody,” says Andrew Collier, a shadow banking expert at Orient Capital Research.
https://www.bbc.co.uk/news/business-67539910?at_medium=RSS&at_campaign=KARANGA,
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