Chinese Regime’s State Media Target Private Banks

Chinese Regime’s State Media Target Private Banks
A bank employee counts out 100 yuan notes at a bank in Shanghai on Aug. 8, 2018. Johannes Eisele/AFP via Getty Images
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Recently, a number of private real estate companies in mainland China went bankrupt, and Chinese state media blamed the problem on illegal loans by private banks.

Some financial commentators believe that private banks will become targets for suppression under communist leader Xi Jinping’s regime.

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