World News@lemmy.worldEnglish · 9 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 · 9 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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The Snark Urge@lemmy.world
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It would have to be done very carefully and quickly, so that there is no chance for brinkmanship.
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    Can I help you?
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        9 months 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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