China Planning Major Purge of $176 Billion Loan Market
An employee arranges genuine bundles of Chinese one-hundred yuan banknotes at the Counterfeit Notes Response Center of KEB Hana Bank. (Photographer: SeongJoon Cho/Bloomberg)

China Planning Major Purge of $176 Billion Loan Market

(Bloomberg) -- China is preparing to end its $176 billion experiment with peer-to-peer lending.
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