News Analysis
A large number of Chinese Communist Party (CCP) officials reportedly get low-interest loans and then lend the money at high interest rates, forming a “grey channel” and accumulate wealth.
Chinese Officials Profit From a ‘Gray Channel’ of Loan Sharking
Save
A pedestrian walks past the People's Bank of China, also know as China's Central Bank, in Beijing, on Aug. 9, 2007. Teh Eng Koon/AFP via Getty Images
By Shawn Lin
Updated:
