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CHINA'S BANK FAILURE HAS JUST BEGUN

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First published at 21:41 UTC on September 8th, 2022.

#china
#bank-failures
#bankruptcy

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Based on information released on Aug. 26 by the CBIRC, the China Banking and Insurance Regulatory Commission, the commission has allowed two rural banks in Liaoning Province to enter bankruptcy proceedings, which is tantamount to officially declaring the bankruptcy of the two grassroots village banks.
At the same time, a growing number of personal bank cards and even corporate accounts are being frozen in China, and the situation is also spreading in China's first-tier cities.
https://www.youtube.com/watch?v=NjKGPCcY4GY

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