China is going through a systemic debt crisis due to lack of liquidity, according to China expert and author Gordon Chang. Chang pointed to a number of banks in China’s north-central Henan Province that reportedly did not allow 400,000 depositors to withdraw money, saying “The [Chinese Communist] Party right now has no economic answers. The…
$6 Billion of Deposits Vanish From Chinese Local Banks, Police Beat Protestors
July 12, 2022
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Chinese police beat protestors who cannot withdraw from banks. Billions of dollars are stuck, a massive amount has vanished, and authorities are not giving an answer. What is behind the chaos over the weekend? And why are the protestors asking foreign media and the U.S. embassy to pay attention? Click the “Save” button below the…
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