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Friday, 22 July 2022

China - #China #HenanProvince #BankCrisis Protests in China: What's behind the bank scandals | DW News

 

22 July 2022




It's a politically sensitive year for China. And confidence in the financial sector has plunged. A few months ago, four rural lenders in the northern province of Henan froze the deposits of hundreds of thousands of customers.


State regulators have finally announced a second round of repayments to some of those account holders starting next week. But as Patrick Fok reports from Beijing, this isn't the only banking crisis causing social unease.








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