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China deploys tanks in the streets to protect banks from protesters

By: Maksim Panasovskiy | 21.07.2022, 13:30

Chinese authorities decided to deploy tanks on the streets of Henan Province to protect banks from protesting citizens.

What we know

Citizens began protesting after Bank of China announced freezing of accounts due to a system upgrade. Customers of Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng in Henan Province and Guzhen Xinhuaihe Village Bank in Anhui Province were affected.

The Chinese claim that this is the biggest banking crisis in recent years. Locals say about $6,000,000 ,000 has disappeared from deposits. Bank customers have rioted in the streets demanding access to their savings.

Chinese government protecting bankers

Tanks have appeared on the streets of China's Henan Prov, protecting banks from depositors. Money in citizens' accounts is frozen under the pretext that it is now an "investment"

They had frozen $6 billion#CHINA

pic.twitter.com/d2clrvG0rt
- Francisco de MirandaⓂ️ ???????????????????????????????? (@Ernestonewage) July 21, 2022

???????? Rizhao, Shandong province - Several videos broadcast on RS showing tanks deployed in the street, for unknown reasons? Some claim to protect the Henan branch of the Bank of China pic.twitter.com/HRylsnghSs
- We The Fringe (@DaleFourTrump) July 20, 2022

China sends tanks to protect banks from people whose accounts have been frozen pic.twitter.com/nYyy5VQWd2E
- Market Rebellion (@MarketRebels) July 20, 2022

Authorities ask depositors to wait. At the same time they deployed tanks on the streets, which provide protection for the banks. Note that some customers with deposits up to $7400 were able to get their money back.

Source: NDTV

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