Protests due to Banking sector scandals in China


Deutsche Welle reports: 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 this isn’t the only banking crisis causing social unease.

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