China’s State-Owned Banks Can’t Hold Up, Depositors Panic as Funds Flood Out of the System
China’s State-Owned Banks Can’t Hold Up, Depositors Panic as Funds Flood Out of the System
Udumbara
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Recently, China’s financial sector has been hit with major news: the country’s banking system is facing a breakdown, and this time, it’s not just small and medium-sized banks, but the liquidity crisis of major state-owned banks that is rapidly approaching.
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