A big banking crisis has arisen in China. The situation is so bad that many banks have banned their customers from withdrawing money. In such a situation, thousands of people have been demonstrating on the streets since April. Demonstrations have turned violent in many places. In view of this, now tanks have been deployed around the bank.
A video is going viral on social media. This video is from Henan province. Many tanks are seen standing in a queue here. The administration has ordered the deployment of tanks to prevent people from entering the bank.
In fact, in April, an article was
published in the South China Morning Post. In this it was told about the scams in Chinese banks. It was claimed that 40 billion yuan, or about US$6 billion, disappeared from China’s banking system. After this, banks in Henan and Anhui provinces blocked people from accessing bank accounts. For this people were referred to ‘system upgrade’
4 Banks Most Affected
In this whole case, New Oriental Country Bank of Kaifeng, Xicheng Huanghui Community Bank, Shangkai Huimin County Bank and Yuzhou Shin Min Sheng Village Bank have been affected the most. People have been circling here for 3 months, but they are not even allowed inside the bank.
‘…History repeats itself’
Seeing the deployment of tanks on the streets, people are comparing it to the incident at Tianman Square. In 1989, people demonstrated against the government in Tiananmen Square. At that time the army had mounted tanks on the protesters. More than 3000 people were killed. The European media had feared a massacre of 10,000 people.