China’s Banking Sector Trapped In A Vicious Cycle: No Funds For Wages, 80% Pay Cuts Or Layoffs
China’s Banking Sector Trapped In A Vicious Cycle: No Funds For Wages, 80% Pay Cuts Or Layoffs
Udumbara
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Since 2024, the Chinese banking system has been in serious trouble. Across the country, we’re seeing the same pattern: it's hard to hand out loans, but deposits keep flooding in.
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