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Protests In China: The Story Behind the Bank Scandals.

Patrick Boyle On Finance

CHAPTER

The Chinese Home Buyers Bankruptcy

More than 320 property projects around the country were affected by this mortgage boycott. The money had been invested in other assets and while it is unclear if the depositors were aware of this they should have known that they were earning much higher interest rates than normal bank deposits which should indicate that there was additional risk.

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