Shadow banking, P2P lending, and pyramid schemes: Lucy Hornby on China's gray economy

This week on Sinica, Kaiser speaks with Lucy Hornby, the deputy bureau chief of the Financial Times in Beijing and a veteran guest on the show. She has appeared on Sinica before to discuss professional representation for women in China, the last surviving comfort women in the country, and domestic environmental challenges. The two discuss shadow banking in China and its history; the cat-and-mouse relationship between regulators and shadow financiers; the advent of fintech and the proliferation of peer-to-peer (P2P) lending platforms; and Lucy’s reporting on a pyramid scheme involving selenium-infused wheat in Hebei. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.