14.9 C
Athens
Τρίτη, 5 Νοεμβρίου, 2024

Chinese tanks roll on streets to scare Henan Bank protestors

Περισσότερα Νέα

- Advertisement -

The Chinese Communist Party’s tanks on Wednesday rolled on the streets to scare Henan bank protestors amid large-scale protests in the province by bank depositors over the release of frozen funds.

Reports claiming Chinese Peoples Liberation Army (PLA’s) tanks are on the streets to protect Banks (Rizhao, Shandong Province) emerged, reported local media.

The incident comes in the light of the Henan branch of the Bank of China declaring that people’s savings in their branch are ‘investment products’ and can’t be withdrawn, added the media.

It is a grim reminder of the horrific June 4, 1989 – Tiananmen Square massacre when Chinese leaders sent in tanks and heavily armed troops to clear Beijing’s Tiananmen Square, where student protesters had gathered for weeks to demand democracy and greater freedoms.

The crackdown, which killed hundreds, if not thousands, of unarmed protesters, is shunned in classrooms and strictly censored in the media and online.

- Advertisement -

Despite promises that depositors in China’s Henan villages will get their frozen money back in batches with the first due on July 15, only a handful of depositors have received the payments, posing a serious question on whether banks have anything to spare.

On July 10, more than 1,000 depositors gathered outside the Zhengzhou branch of the country’s central bank, the People’s Bank of China, to launch their largest protest yet.

As per the notice by Henan Provincial Financial Supervision Bureau, some bank depositors in Henan villages and towns were supposed to get their deposits back on July 15.

However, non-mainstream media believe that only a very few handfuls of depositors have made these payments. Chinese state media has also not posted anything about the repayment.

Non-mainstream Hong Kong media also believes that at such a time when stability is emphasized most and stability is in Chinese President Xi Jinping’s interest, allowing such incidents to get bigger (such as the Zhengzhou bank protests) shows that these banks really do not have money to spare, at least not until the issues are resolved.

A good chunk of revenue for the local governments comes from leasing land, especially to real estate developers and since so many projects are lying unfinished, many construction companies have not bought land again, affecting the local government’s revenue.

Meanwhile, a video was circulated online a few days ago in which Beijing’s Tsinghua University professor Zheng Yuhuang said that 2022 is a difficult year for China — 4,60,000 companies in China closed down in the first half of 2022, and 3.1 million industrial and commercial households were written off, enterprise liquidation soared 23 per cent year on year, 10.76 million college graduates have entered the society, with great employment pressure, and 80 million young people are unemployed.

As per the media reports, the reason why the suspension of loan repayment by homebuyers is not being dealt with immediately is that except for those senior officials directly in charge of urban construction and real estate, almost every successful real estate developer is the white glove of some of the other powerful family of the Chinese Communist Party (CPC) elite, just like Evergrande’s (one of the largest property developers in China) Xu Jiayin, and Zeng Qinghong’s (CCP politician) niece Zeng Baobao directly engages in real estate to make money.

Ordinary real estate developers also have to bribe government officials at all levels in exchange for their development. If the top leaders of the CPC want to investigate the corruption in unfinished buildings and real estate, they may have to de facto use the knife inwards.

During the large-scale protests in Henan province by bank depositors over the release of frozen funds, white-clothed men, who are suspected to be from the Chinese People’s Armed Police Force, suppressed the protests in front of the Zhengzhou People’s Bank of China (PBoC) office, local media reported.

Hundreds of depositors have staged several demonstrations in the city of Zhengzhou, the provincial capital of Henan, but their demands are being ignored by the Chinese authorities.

- Advertisement -

ΑΠΑΝΤΗΣΤΕ

εισάγετε το σχόλιό σας!
παρακαλώ εισάγετε το όνομά σας εδώ

The reCAPTCHA verification period has expired. Please reload the page.

Ροή ειδήσεων

ΣΧΕΤΙΚΑ ΑΡΘΡΑ

Pakistan is third worst nation globally in terms of law and order: World Justice Project index

In the latest World Justice Project (WJP) Rule of Law Index for 2024, Pakistan has been ranked 140th out of 142 countries, making it...

EU raises concern over Chinese aggression in Taiwan

The European Commission in a report raised concern over China's aggression against Taiwan and suggested that the EU step up exchanges with Taipei, Taipei...

Taiwan detects 6 Chinese military aircraft, 9 vessels around territory

Taiwan's Ministry of National Defence (MND) reported Chinese military activity near the island on Tuesday and said that by 6 am (local time), six...

China Tries to Blot out Tibetan Criticism of Mining Firm’s Damage to the Environment 

Chinese censors are trying to prevent people from viewing posts that allege severe environmental damage in Tibet caused by sand mining. A young Tibetan man...

ΔΗΜΟΦΙΛΗ ΑΡΘΡΑ

Aποκλειστικό: Σοκ στην Τουρκία-Εκδήλωση για την συμμαχία Ισραήλ-Κουρδιστάν!-Ομιλητές από Ισραήλ,Τουρκία,Γαλλία & ΗΠΑ!

Δείτε τι αναφέρουν τουρκικά ΜΜΕ: ''Ενώ οι αδιάκοπες σφαγές του Ισραήλ συνεχίζονται στη Λωρίδα της Γάζας και στον Λίβανο, ο σιωνιστικός στρατός έχει βάλει στο...

Αποκλειστικό-Στα ”κάγκελα” οι Τούρκοι: ”Ο Πομπέο έδωσε υποσχέσεις στην Αθήνα-Μήνυμα κατά της Τουρκίας!”

Δείτε τι αναφέρει τουρκικό ΜΜΕ: ''Ο Πομπέο φέρεται να έφτασε μυστικά στην Αθήνα, όπου δείπνησε με τον πρωθυπουργό Κυριάκο Μητσοτάκη σε γνωστό εστιατόριο της περιοχής...

Αποκλειστικό-Τούρκοι: ”Κάνουμε ασκήσεις με τους Αλβανούς & στέλνουμε μήνυμα στην προκλητική Ελλάδα!”-Εμείς επιτρέψαμε στον Ράμα να μιλήσει στην Θεσσαλονίκη!

Δείτε τι αναφέρει τουρκικό ΜΜΕ: ''Η Αλβανία και η Τουρκία αυξάνουν τη στρατιωτική συνεργασία και τη διαλειτουργικότητα με ναυτικές αμφίβιες ασκήσεις σε ένα σαφές...

Αποκλειστικό: Χρηματοδότης του ISIS εξασφάλισε την τουρκική υπηκοότητα με εντολή Ερντογάν: Στέλνει τρομοκράτες στην Ευρώπη μέσω Ελλάδας! – Όλα τα ονόματα – Εικόνες

Απόρρητα έγγραφα που εξασφάλισε το Nordic Monitor αποκάλυψαν ότι ένας χρηματοδότης του Ισλαμικού Κράτους στο Ιράκ και τη Συρία (ISIS), ο οποίος βοηθά επίσης...