China economy crisis?

[Elvlin]

For member from china, want to ask recently i read in china people cannot even take money from bank anymore? is it true there?
or only limited to some city?

 

[terrycody]

No idea why you care about China but no, that news is not true, misinformation.

Its fraud related, a very small rural bank, like CEO run with money story.

 

[QuakeX]

very bad question. -100 social credit

 

[Elvlin]

No idea why you care about China but no, that news is not true, misinformation.

Its fraud related, a very small rural bank, like CEO run with money story.

I see , a lot people seem make it big news than.
cause if it's true the impact is international not limited to china

 

[Random-Dude]

No, there is no economy crisis in China. There are few hiccups here and there. There is slowdown in growth but they are still economically strong.

 

[blogmen]

I thought you're going to ask about the bursting housing bubble in China.

 

[Elvlin]

I thought you're going to ask about the bursting housing bubble in China.

the evergrande case is already confirmed, probably gov will bail it out, but let see.
now most media is sharing people cannot even take out money from bank, hence i am confirming.

 

[~OO~]

The worst thing is -- China blocks entire cities to work. It's all because of expected infection. I'm afraid the world economy could go down just because Chinese gov converted the entire country into virtual hospital.

 

[timothywcrane]

China has a rule that regional banks can only bank in thier region, and a few regional banks had "out of area" accounts shut down for this reason. It was only a real problem where banks had foreign or extra-regional accounts on the books... AFAIK. People protested the fact that the regulation had been overlooked for so long it took n an entitlement effect, but again AFAIK it was not a national economic drain, though the situation probably was "leveraged" in a political/economic fashion

 

[tubeboost]

China has no freedom of speech, so we don't know for sure.

 

[Appturbo]

Who knows.

 

[4ry4n]

The western global empire is threatened by any success of its adversaries so it is constantly portraying them negatively.

Currently China is facing less inflation than most nations including the UK and the US.

 

[johnyow]

banks running out of cash and military tanks deployed to prevent people from taking money out of bank in China. Its because of ghost cities constructed in china where no one is buying the house, lots of these type of cities in China

 

[HenryObi]

For member from china, want to ask recently i read in china people cannot even take money from bank anymore? is it true there?
or only limited to some city?

Bold of you to assume Chinese members on the forum would give the accurate story of what's happening over there.

Do you want them to lose everything they have worked for?

 

[nakamura]

Lots of rumors. I don't think you will get any valid information...not from them and also not from the western media. China is a huge country, so if one bank in a rural area gets some problems it doesn't mean the whole country will face a crisis

 

[Elvlin]

very bad question. -100 social credit

LOl

No, there is no economy crisis in China. There are few hiccups here and there. There is slowdown in growth but they are still economically strong.

nice than

The worst thing is -- China blocks entire cities to work. It's all because of expected infection. I'm afraid the world economy could go down just because Chinese gov converted the entire country into virtual hospital.

itt will have impact for sure. since a lot of stuff is manufactured in china

China has a rule that regional banks can only bank in thier region, and a few regional banks had "out of area" accounts shut down for this reason. It was only a real problem where banks had foreign or extra-regional accounts on the books... AFAIK. People protested the fact that the regulation had been overlooked for so long it took n an entitlement effect, but again AFAIK it was not a national economic drain, though the situation probably was "leveraged" in a political/economic fashion

damn live there is basicly hard. cannot even move between city freely

China has no freedom of speech, so we don't know for sure.

yup hard to know

The western global empire is threatened by any success of its adversaries so it is constantly portraying them negatively.

Currently China is facing less inflation than most nations including the UK and the US.

true, that is why i curious how true is there

banks running out of cash and military tanks deployed to prevent people from taking money out of bank in China. Its because of ghost cities constructed in china where no one is buying the house, lots of these type of cities in China

yup that is the news i see.

Bold of you to assume Chinese members on the forum would give the accurate story of what's happening over there.

Do you want them to lose everything they have worked for?

Who knows lol. they posting here already minus social score if known

Lots of rumors. I don't think you will get any valid information...not from them and also not from the western media. China is a huge country, so if one bank in a rural area gets some problems it doesn't mean the whole country will face a crisis

true very hard to get any valid information.

 

[ExperimentalSEO]

The so called "ghost cities" are part of master planning, and people move into them as urbanization continues in china. It's easier to build a city with the proper infrastructure now, rather than piecemail it as time goes by.

Pudong used to be considered a "ghost city".

 

[GiraffeBurgersAndFries]

Xi tried to make me pay my mortgage
But I said no, no, no
Yes I've been black, but when I come back
You'll know, know, know
I ain't got the time
And if my daddy thinks I'm fine

 

[K-One]

Bruh they make their countries most prolific billionaires disappear for months for posting the wrong tweets and tried to literally seal a bunch of shoppers shut into Ikea a few days ago due to abrupt covid restrictions in Shanghai being enforced out of nowhere. I wouldn't worry too much about their economy right now lol They're are a different kettle of fish the CCP

 

[johnyow]

Chinese city turns of power after methane heating the city.

https://economictimes.indiatimes.com/news/international/world-news/chinese-city-dims-lights-in-heatwave-power-crunch/articleshow/93654888.cms