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

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).