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 as Patrick Fok reports from Beijing, this isn't the only banking crisis causing social unease.
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#China #HenanProvince #BankCrisis
State regulators have finally announced a second round of repayments to some of those account holders starting next week. But as Patrick Fok reports from Beijing, this isn't the only banking crisis causing social unease.
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#China #HenanProvince #BankCrisis
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