BREAKING ALERT Jiangxi Bank of China went bankrupt - EVENT BEGINING

‼️BREAKING ALERT Jiangxi Bank of China went bankrupt - EVENT BEGINING China’s banking sector is facing a full-scale crisis. In just one week, 40 banks disappeared, absorbed into larger institutions. China’s smaller banks are struggling with bad loans and exposure to the ongoing property crisis. Some 3,800 such troubled institutions exist. They have 55 trillion yuan ($7.5 trillion) in assets—13% of the total banking system—and have long been mismanaged, accruing vast amounts of bad loans. Many have lent to real estate developers and local governments, gaining exposure to China’s property crisis. In recent years, some have revealed that 40% of their books are made up of non-performing loans. Footage: Concerned bank customers gather in front of the central building. Meanwhile, keep updated Subscribe to @WW3INFO Source: ?? | Battlefield Research