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Business trends

China's peer-to-peer lending hits the skids

Investors lose out as online platforms shutter ahead of crackdown

Peer-to-peer loans in China had doubled on the year as recently as 2016.   © Reuters

SHANGHAI -- Peer-to-peer lending is slowing dramatically in China as a looming clampdown on the industry spurs platform providers to throw in the towel -- sometimes after just a few months in business.

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