40 Chinese Banks VANISH IN ONE WEEK, marking severe consequences for the global #economy

40 Chinese Banks VANISH IN ONE WEEK, marking severe consequences for the global #economy. In just one week, 40 banks disappeared in #China. Concerned clients can be seen storming the bank over bankruptcy reports. Authorities struggle with: • Delayed financial stability legislation • Insufficient recapitalization • Lack of bankruptcy mechanisms Potential for major financial #crisis looming. Investors have been withdrawing from China for two years. Follow us -> LiveLeak Source: LiveLeak