Bank runs are happening all over China. It’s important to note that the Chinese banking system represents 350% of Chinese GDP (on balance sheet) while the U.S. system is only 100%. One of the largest lending categories of Chinese banks is real estate…Chinese property
Concerns are growing over the intensifying risk of a full scale bank run in China, with mass protests held outside bank branches in China’s Henan Province throughout this weekend (July 9 & 10).
Asia Markets has verified video and images shared across Chinese social media platforms, including Weibo and WeChat, showing violent clashes between police and depositors who have been unable to withdraw funds.link