BANK RUN in China! Panic as Rush To Pull Money Out of Bank of Zigong!

Do you have any concern about deposits in the bank? Are they safe?

A report from the Epoch Times has suggested that a bank run in China has taken place. This isn’t the first time this has happened in China and certainly won’t be the last. What is most important about this report is that it doesn’t even matter if the underlying issue is valid. The banks don’t have enough money to give everyone their deposits back. They literally took everything from you and have no intention on ever giving people all of their money back.

 

In sign of financial stress, gossips cause a rare bank run in China | South China Morning Post

www.scmp.com/news/china/economy/article/2106216/hundreds-try-withdraw-savings-after-rumours-start-run-chinese

Bank Run in Southwestern Chinese City Could Signal a Broader Financial Crisis

www.theepochtimes.com/bank-run-in-southwestern-chinese-city-could-signal-a-greater-financial-crisis_2709550.html

Bank Run in Southwestern Chinese City Could Signal a Broader Financial Crisis

www.theepochtimes.com/bank-run-in-southwestern-chinese-city-could-signal-a-greater-financial-crisis_2709550.html

bank-of-zigong-sichuan-china-crisis-600×400.jpg (600×400)

www.theepochtimes.com/assets/uploads/2018/11/06/bank-of-zigong-sichuan-china-crisis-600×400.jpg

In sign of financial stress, gossips cause a rare bank run in China | South China Morning Post

www.scmp.com/news/china/economy/article/2106216/hundreds-try-withdraw-savings-after-rumours-start-run-chinese

One in 10 of China’s Banks Flunk PBOC’s First Risk-Rating Test – Bloomberg

www.bloomberg.com/news/articles/2018-11-05/one-in-ten-of-china-s-banks-flunk-pboc-s-first-risk-rating-test

Economic Watch: China’s RRR cut to increase support for real economy – Xinhua | English.news.cn

www.xinhuanet.com/english/2018-10/16/c_137536509.htm

Lost in transmission: China’s small firms get more loans on paper but not in reality | Reuters

www.reuters.com/article/us-china-economy-policy-smallfirms-analy/lost-in-transmission-chinas-small-firms-get-more-loans-on-paper-but-not-in-reality-idUSKCN1MQ0JT

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