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The Daily Hodl 2023-10-16 18:05:52

Financial Fears Trigger Bank Run in China As Officials Push To Prevent Contagion: Report

Chinese authorities are moving to prevent further financial contagion as a bank run unfolds in one of its provinces. Thousands of customers lined up to withdraw their money amid worries the Bank of Cangzhou is at risk of going under, CNN reports, citing state-run Chinese media. The regional bank lent hundreds of millions of dollars The post Financial Fears Trigger Bank Run in China As Officials Push To Prevent Contagion: Report appeared first on The Daily Hodl .

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