5min chapter

Inside China cover image

How China’s bank scandal and mortgage boycott have Beijing scrambling to respond

Inside China

CHAPTER

Bankruptcy in Henan Province

Some of these depositors were happy that we are from outside of china, and so they wanted to share with us their story. This is not the first scandal with mall rural banks. Do you think this is a won off in terms of banking scandals? Or is there a risk that this incident will lead to a crisis of confidence and lead to runs on other small banks in other provinces? A lot oftane small banks are ihop we have some kind of ons to the local government. It was mostly because of the way they were set up. The problem with the er property market is that ame the sentiments really weak now.

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