World News@lemmy.worldEnglish • 1 year ago

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

www.businessinsider.com

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

www.businessinsider.com

World News@lemmy.worldEnglish • 1 year 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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Brave Little Hitachi Wand
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1•1 year ago
It would have to be done very carefully and quickly, so that there is no chance for brinkmanship.
- @Zevlen@lemmy.world
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  - @Zevlen@lemmy.world
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    deleted by creator
  - Brave Little Hitachi Wand
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    2•1 year ago
    Can I help you?
    - @Zevlen@lemmy.world
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      - Brave Little Hitachi Wand
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        2•1 year ago
        Might be an idea to brush up on the cold war, while you’re at it. We’re still in it.

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