CX Daily: How a Rural Co-Op Took in $420 Million Posing as a Bank
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In Depth: How a Rural Co-Op Took in $420 Million Posing as a Bank
A rural cooperative in China’s Anhui province took in more than 2.9 billion yuan ($420 million) in deposits by posing as a bank, highlighting the persistent risks within the country’s shadow financial system.
FINANCE & ECONOMY
3月6日，十四届全国人大四次会议在北京梅地亚中心新闻发布厅举行记者会。中国人民银行行长潘功胜回答记者提问。图：李鑫/新华社
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