Chinese Regime Forces Chinese Banks, Their Investors to Sacrifice $212 Billion

Chinese Regime Forces Chinese Banks, Their Investors to Sacrifice $212 Billion
Customers line up to have their temperatures taken before entering a bank in Nantong city, in Jiangsu Province, eastern China, on Feb. 25, 2020. STR/AFP via Getty Images
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News Analysis

China wants its banking industry to share the pain and help to boost a slumping economy—to the tune of 1.5 trillion yuan ($212 billion).

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Fan Yu
Fan Yu
Author
Fan Yu is an expert in finance and economics and has contributed analyses on China's economy since 2015.
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