2nd Bank Run In 2 Weeks! A Financial Crisis In China Begins To Spread After Several Banks Fail

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Yingkou Bank is now the second bank run in 2 weeks where a spontaneous run on deposits took place after fears about the banks solvency began to spread. The issue is there are untold numbers of identical banks with an identical debt burden so this could spread throughout many small and regional banks. Economists now fear that very thing this may be the starting point for the next global financial crisis. Are we looking at the beginning of a bank crisis in China home to the worlds largest financial sector. look out below.

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