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Huge China 'Ponzi scheme' scams investors of US$7.6b

Published Tue, Feb 9, 2016 · 09:50 PM
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Beijing

KANG Weiwei considers herself cautious. When China's stock market took off, she stood on the sidelines. She steered clear of financial products that she couldn't really understand.

But the 32-year-old Beijinger needed somewhere to park the US$76,000 that her family received from selling an apartment they got as part of a government relocation programme. What, she wondered, could beat inflation but keep them safe?

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