▶youtube BusinessBanking first seen 9 h ago, last 6 h ago, peak #9
670 Chinese banks vanish in a year, sparking Lehman fears
Original: 670 Chinese banks disappeared in one year – is a Lehman moment imminent?! Xi Jinping borrows near...
Reports circulating in Chinese-language media claim that around 670 banks disappeared in China within a single year, fueling speculation that the country could face a 'Lehman moment' – a sudden systemic banking collapse reminiscent of 2008. The discussion ties the banking turmoil to China's economic slowdown and to claims that Xi Jinping's government is borrowing heavily to shore up the financial system.
Why now: Fears that China's banking sector is quietly collapsing amid the property and debt crisis are driving anxious discussion about a possible financial meltdown.
ChinaXi JinpingLehman Brothers
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- 670 Chinese banks disappeared in one year – is a Lehman moment imminent?! Xi Jinping borrows near... · 關鍵時刻 · 64.1K
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