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Foreign news: rural scams on the rise in China

09 February 2017 5:00PM
China is urging its banks to offer more internet and mobile-based financial products to farmers, while pledging to combat financial scams, the online news site Caixin.com reports. Many of the schemes under scrutiny involve online wealth planning and investment products that promise quick returns and low investment thresholds through internet platforms such as peer-to-peer lending.

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