{"id":49463,"date":"2015-09-21T22:20:00","date_gmt":"2015-09-21T22:20:00","guid":{"rendered":"http:\/\/127.0.0.1:10081\/?p=49463 "},"modified":"2015-09-21T22:20:00","modified_gmt":"2015-09-21T22:20:00","slug":"49463-revision-v1","status":"publish","type":"post","link":"https:\/\/minzhuzhongguo.org\/?p=49463","title":{"rendered":"China protests by Fanya Metal Exchange investors"},"content":{"rendered":"
21 September 2015<\/div>
<\/div>
 <\/div>\"2015921_85669891_1340bd84-640a-45b5-ae87-98c7893973fb.jpg
 <\/div>
Chinese police quickly broke up the protest<\/div>
<\/div>
 <\/div>
Hundreds of Chinese mineral investors have protested in Beijing, alleging they have been defrauded.<\/div>
<\/div>
 <\/div>
They claim to have lost money after investing in the Fanya Metal Exchange in the city of Kunming.<\/div>
<\/div>
 <\/div>
Hundreds of thousands of people have invested billions in products offered by the exchange as the values of rare metals rose in recent years.<\/div>
<\/div>
 <\/div>
China’s recent stock market collapse has caused prices to fall and investors to demand their money back.<\/div>
<\/div>
 <\/div>
However, the exchange’s funds have been frozen because of a liquidity issue. Many of the investors are ordinary people, who believed the company’s promise of big returns on investments.<\/div>
<\/div>
 <\/div>
An unidentified employee told the Reuters news agency that there had been “a run” on the exchange. However, they claimed it was still operating normally.<\/div>
 <\/div>
Protests on this scale are unusual in Beijing. Police quickly broke up this demonstration, but it can be seen as a symptom of China’s economic slowdown.<\/div>
 <\/div>
Jump media playerMedia player helpOut of media player. Press enter to return or tab to continue.<\/div>
 <\/div>
Media caption<\/div>
 <\/div>
John Sudworth: China’s communist party is learning the hard way that there’s a limit to its economic control<\/div>
 <\/div>
On its website, Fanya claims to have a turnover of 325bn yuan ($51bn; £33bn).<\/div>
 <\/div>
Protesters claim that they were not adequately warned of the risks involved.<\/div>
 <\/div>
“We were protesting today because we have no other option and no one has responded to our complaints,” one investor turned protester told Reuters.<\/div>
 <\/div>
There have already been demonstrations against Fanya in other Chinese cities.<\/div>
 <\/div>
 <\/div>
<\/div>
<\/div>
<\/div>
For detail please visit here<\/a><\/div>","protected":false},"excerpt":{"rendered":"

<div>China's recent stock market collapse has caused prices to fall and investors to demand their money back. However, the exchange's funds have been frozen because of a liquidity issue. Many of the investors are ordinary people, who believed the company's promise of big returns on investments.<\/div><div><\/div><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-49463","post","type-post","status-publish","format-standard","hentry","category-ChinaHumanRights","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/posts\/49463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49463"}],"version-history":[{"count":0,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/posts\/49463\/revisions"}],"wp:attachment":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}