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Asia

Unleashed bank deposits misused in Chinese economy

Asia Times · · 178 views
Unleashed bank deposits misused in Chinese economy

Chinese bank deposits in the trillions of renminbi were vitalized to leave the banking system last month but the money has not yet been well-used in the real economy.   Chinese banks lost deposits totaling 3.92 trillion yuan (US$542 billion) in the single month of April 2024 after they were ordered by regulators to stop their […] The post Unleashed bank deposits misused in Chinese economy appeared first on Asia Times.

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