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Anonymous
Anyone been to their business networking talk? It sounds like a Ponzi scheme.
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Hi, pls note that China is anti MLM, Pyramid or Ponzi Scheme. Nanning has been named as a Scam City due to it's past. Nonetheless, any criminal conduct has been arrested & convicted.
In today's context of Nanning, it's a progressive Tier 2 City to be Tier 1 and this City if you have REALLY visited, is a far more safe city, clean and green city, and livable city in whole of China, also for it's viability business landscape & property investments for foreign chinese.
So no way any form of Ponzi can be done there and no community there will be that silly to do so as security is so strict. Everyone that enters into Nanning has to register themselves with their Police.
Any more mention defaming Nanning is a scam city or ponzi scheme posts will be removed.
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Hi, I've been to Nanning since this early year. Before I head up, I've also heard alot and all the forums saying the investment scheme is a Ponzi, but I went up with an open mind. I sit through to understand what the City Nanning wants to achieve by 2035. Nanning is the only strategic location City in China that will connect via land, sea & air to ASEAN. If you read all the news in Straits Times, China Daily, etc, the high speed train will connect from Nanning to Vietnam to Thailand to Malaysia and will stop in Singapore and is in construction now. The Sea connection will improve trading with the ASEAN countries. They are currently constructing a mega Airport T3 to be able to handle 60 million annual passengers. When the land & air are completed, there will be tremendous travellers flooding in to Nanning.
To my opinion, this is not even an investment but i find more like a China Economic Govt Policy. Yes, there are impersonation scams before that abused their system which did not go through the proper channel like via the bank.Those scammers are really Ponzi but have been reported and caught by the authorities.
Their main drive is to grow the population and grow the economy of Guangxi Nanning. Talent + Capital + Opportunity = Economic Growth.. Just recall how Singapore attracted the Indonesian Chinese to populate Orchard Road during the 1970s.. There must be a good reason for the Indonesian Chinese to come S'pore. If one can fully understand, the policy is design to be a WIN-WIN-WIN situation. The City wins with talent and capital in, the foreign talent that comes in with capital win and they are also rewarded for performing some functions, so they will spend in the city and bring business to the local Nanning citizens. These Nanning citizens wins as well.
For my own further verification, I even went to their 规划馆 (Urban Township Development) and the Guangxi Autonomous Region Museum, all the answers what the Goverment wants Guangxi Nanning to be by 2035 is all written there. My conclusion is this Nanning scheme is definitely not Ponzi, it's not an investment either (rather more of a government economic model) and it's not MLM and is definitely legit. Just stay vigilant not to fall for the fake scheme as scams are everywhere. Even in Shenzhen, there are many Temasek Holdings impersonator scams going around too.
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Hey yes it is a Ponzi scheme. Check out reddit for some threads on this. It's still on-going. Not sure if there's a way to stop this.
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I've heard of this and went through everything, including the numbers lesson, in which they shared h...
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Medium is a reputable site for the learned and those who are savvy enough to not waste time on Bullshit. Check out what the author of this has to close this thread. The SPF is aware of this "business ".
To the recruiters.
Game Over?
https://medium.com/@patrick-oh-sglion65/the-inf...