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I wasn't trying to say they aren't reporting it now. But the news here pretty much cheerleads for the government. So when the Premier and the former head of the
by atr_gz 8y ago
I wasn't trying to say they aren't reporting it now. But the news here pretty much cheerleads for the government. So when the Premier and the former head of the central bank[1] are saying this sector is a good potential investment, CCTV News is going to pass that along uncritically to all these middle or upper-middle class people, who tend to have cash to spare and are used to huge returns like in the real estate market.
SCMP has an article about it[2], but they're blocked in the mainland. I looked for the Xinhua article they mentioned but couldn't find it on their English site. I did find this one on Sixth Tone, which is not blocked[3]. It doesn't mention the protests. My guess is you won't see much if any mention of the protests on any mainland news.
[1] https://qz.com/1351198/how-p2p-lending-turned-middle-class-chinese-dreamers-into-angry-protesters/ https://qz.com/1351198/how-p2p-lending-turned-middle-class-c...
[2] https://m.scmp.com/news/china/economy/article/2159372/china-comes-10-measures-tackle-risks-troubled-p2p-lending-sector https://m.scmp.com/news/china/economy/article/2159372/china-...
[3] https://www.sixthtone.com/news/1002653/peer-to-peer-lending-platforms-are-dropping-like-dominoes https://www.sixthtone.com/news/1002653/peer-to-peer-lending-...