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With the large number of banks that failed in China, the financial system may collapse at any time
In this video, we dive into the ongoing banking crisis in China, highlighting the wave of bank mergers, dissolutions, and bankruptcies affecting both small and large financial institutions. Learn about the 36 banks that were merged with Liaoning Bank and the real concerns facing China’s financial system, including the resignation of key bank leaders like Liu Jin. With China’s real estate market in a slump and government-backed asset management companies (AMCs) struggling to fix the issues, the country’s economic stability is at risk. Discover what this means for China’s future, consumers, investors, and the global economy.
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