BANK RUN in China! Panic as Rush To Pull Money Out of Bank of Zigong!

A report from the Epoch Times has suggested that a bank run in China has taken place. This isn’t the first time this has happened in China and certainly won’t be the last. What is most important about this report is that it doesn’t even matter if the underlying issue is valid. The banks don’t have enough money to give everyone their deposits back. They literally took everything from you and have no intention on ever giving people all of their money back.

In sign of financial stress, gossips cause a rare bank run in China | South China Morning Post
https://www.scmp.com/news/china/economy/article/2106216/hundreds-try-withdraw-savings-after-rumours-start-run-chinese
Bank Run in Southwestern Chinese City Could Signal a Broader Financial Crisis
https://www.theepochtimes.com/bank-run-in-southwestern-chinese-city-could-signal-a-greater-financial-crisis_2709550.html
Bank Run in Southwestern Chinese City Could Signal a Broader Financial Crisis
https://www.theepochtimes.com/bank-run-in-southwestern-chinese-city-could-signal-a-greater-financial-crisis_2709550.html
bank-of-zigong-sichuan-china-crisis-600x400.jpg (600×400)

In sign of financial stress, gossips cause a rare bank run in China | South China Morning Post
https://www.scmp.com/news/china/economy/article/2106216/hundreds-try-withdraw-savings-after-rumours-start-run-chinese
One in 10 of China's Banks Flunk PBOC's First Risk-Rating Test - Bloomberg
https://www.bloomberg.com/news/articles/2018-11-05/one-in-ten-of-china-s-banks-flunk-pboc-s-first-risk-rating-test
Economic Watch: China's RRR cut to increase support for real economy - Xinhua | English.news.cn
http://www.xinhuanet.com/english/2018-10/16/c_137536509.htm
Lost in transmission: China's small firms get more loans on paper but not in reality | Reuters
https://www.reuters.com/article/us-china-economy-policy-smallfirms-analy/lost-in-transmission-chinas-small-firms-get-more-loans-on-paper-but-not-in-reality-idUSKCN1MQ0JT