World News@lemmy.worldEnglish · 7 months ago

China is merging hundreds of small banks to fend off financial stress

www.businessinsider.com

China is merging hundreds of small banks to fend off financial stress

www.businessinsider.com

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 7 months ago

2,100 banks could be affected as China looks to curb the bad loan environment of its rural communities, Bloomberg reported.

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Hypx@kbin.social
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7 months ago
It could mirror the economic stagnation of Japan that begun in the 1990s. Very similar set of circumstances.

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