China banks to repay some customers after mass protests

0
117

BEIJING, China (AFP) — Customers of rural Chinese banks whose withdrawals have been frozen will begin to get some of their money back Friday, regulators said, after depositors clashed with authorities at a rare protest over the weekend. China’s rural banking sector has been hit hard by Beijing’s efforts to rein in a property bubble and spiralling debt, in a financial crackdown that has had ripple effects across the world’s second-largest economy. Four banks in […]