Elderly retirees face big losses after Chinese trust goes bust, reflecting turbulent economy

Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown. Sichuan Trust, headquartered in the southwest city of Chengdu, announced it was…#sichuantrust #chengdu #beijing #liqiang #communistparty #inevitably #tsinghuauniversity #michaelpettis #ponzi #zhuzhenxin
Source: Reuters: Health - Category: Consumer Health News Source Type: news