Confiscation of regional banks and disaster in the real estate sector: the economic crisis that China tries to hide – Pledge Times

Despite the Chinese dictatorship trying to hide it, the country is experiencing a serious economic and banking crisis. There is a strong conflict involving regional banks, with confiscated money and tanks at the doors of the branches, to prevent the entry of protesters who have been asking for three months to withdraw their savings from their accounts. At the same time, China is experiencing an unprecedented housing crisis, which reinforces the instability arising from the Covid-19 pandemic. This situation means that the country, which had a growth of 8.1% of GDP in 2021, has the forecast of a timid growth…