Protesters lie on the ground in Beijing on July 24 after police closed a road leading to a rally of people involved in Shanxinhuia, a suspected pyramid sales scheme. Photo: Kyodo

The perils of pyramid schemes: a dark corner of China’s economic miracle

Underground get-rich-quick scams that prey on wide swathe of population pose a risk too big for Beijing to ignore

Topic |   China's ponzi scheme

TOP PICKS

Protesters lie on the ground in Beijing on July 24 after police closed a road leading to a rally of people involved in Shanxinhuia, a suspected pyramid sales scheme. Photo: Kyodo
READ FULL ARTICLE
He Huifeng

He Huifeng

He Huifeng is an award-winning journalist and has been focusing on mainland news reporting since 2001 for several overseas media. She has gained an in-depth knowledge of political, economic and social issues on the mainland through years of close observation, which has given her a love for journalism in the field.