Peer-to-Peer Lending, China's $200 Billion Ponzi Scheme

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China's peer-to-peer lending industry was once hailed as a revolution in finance. However, this industry turned into a massive Ponzi scheme leading to losses of over $200 billion. This video explores the incredible rise and catastrophic fall of this industry, the shocking case of eZuBao, and how the government's reaction has shaped China's financial landscape ever since. Learn from the past to protect your future.

0:00 - 1:52 Intro
1:53 - 6:08 Rise of P2P lending
6:09 The fraud

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