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Home Propaganda
Chinese Regime’s State Media Target Private Banks

Chinese Regime’s State Media Target Private Banks

by The Epoch Times
October 17, 2021
in Propaganda

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A bank employee counts out 100 yuan notes at a bank in Shanghai on Aug. 8, 2018. (Johannes Eisele/AFP via Getty Images) Recently, a number of private real estate companies in mainland China went bankrupt, and Chinese state media blamed the problem on illegal loans by private banks.

Some financial commentators believe that private banks will become targets for suppression under communist leader Xi Jinping’s regime.

China’s state outlet Economic Daily published a op-ed on Oct. 15, claiming that many private banks have recently been fined by regulatory authorities for “violations of laws and regulations.” The article criticized some private banks […]

Read this story at: www.theepochtimes.com



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