World News@lemmy.worldEnglish · 11 months 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

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 11 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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DdCno1@kbin.social
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11 months ago
This stagnation had a devastating effect on Japan’s standing in the world. If it ends up doing the same damage to China, then there is no chance for the country to become a superpower.

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