Banks closures and mergers are not uncommon, even in the best of times, due to competitions ...however, when banks are closed and emerged due to lack of liquidities and lack of funds ...this is a MOST Serious issue. Also, in PRChina, for past decades, Chinese Government Policies and management focus have been always about creating / allowing private enterprises' initiatives and self-growth to create additional jobs and new employment to absorb Chinese youth entering into the work force. However, these recent years ...Government policies focus are reverting back to Citizens' CONTROL and CENTRALIZED Government Management.
the emerging middle class have reverted back to the peasant class. but its worse because they have tasted the good life and will have to downgrade back to the farm work their forebears went through.
So many Chinese people touring and visiting other provinces, you see them in every high speed train station covers all over China. In China, banks are government owned and could never be collapsed. Bank branches closes to moved to bigger bank offices. Shop houses are emptied because the whole neighborhood was scheduled for demolition. All these sceneries you can see them in the US. Plus, lines of homeless camps, beggars with cardboard at every road junctions, robberies and pocket picking are prevalent in the US. IMF and World Bank, both US institutions, predicted that China will have a GDP of 5% this year. The US has 2 over percent, if China were to collapsed, the US would have collapsed long ago. Isn't it?
They couldn’t run the country well in good times let alone what happens in bad times!
China you literally asked forit !😂😂😂. Karma😂😂
Karma is here china!
Bye bye money
Banks closures and mergers are not uncommon, even in the best of times, due to competitions ...however, when banks are closed and emerged due to lack of liquidities and lack of funds ...this is a MOST Serious issue. Also, in PRChina, for past decades, Chinese Government Policies and management focus have been always about creating / allowing private enterprises' initiatives and self-growth to create additional jobs and new employment to absorb Chinese youth entering into the work force. However, these recent years ...Government policies focus are reverting back to Citizens' CONTROL and CENTRALIZED Government Management.
Back to the Dark Ages.
Stop all banking. Keep cash on hand and hide it.
the emerging middle class have reverted back to the peasant class. but its worse because they have tasted the good life and will have to downgrade back to the farm work their forebears went through.
Extrapolate, Really? WTF!?
This is a movie right?? Tbe chinese govt love doing this!!!!
What the fu@k is a Quagmire do you even know. I actually know, do you? Or does it just sound good?
Bait and Rob Initiative...................CCP !
命を投げ出して革命を起こせ！ 出来なければ野垂れ死には当然です・・誰も救ってはくれない
神風特攻隊は命を懸けて闘った・・死にたくはなかったけれど・・・
Heels up Harris!
A hollywood conspiracy movie
So many Chinese people touring and visiting other provinces, you see them in every high speed train station covers all over China. In China, banks are government owned and could never be collapsed. Bank branches closes to moved to bigger bank offices. Shop houses are emptied because the whole neighborhood was scheduled for demolition. All these sceneries you can see them in the US. Plus, lines of homeless camps, beggars with cardboard at every road junctions, robberies and pocket picking are prevalent in the US. IMF and World Bank, both US institutions, predicted that China will have a GDP of 5% this year. The US has 2 over percent, if China were to collapsed, the US would have collapsed long ago. Isn't it?
@thewiseone7286🤏Certified Wumao.
Where did you learn amazing economics ? Let me guess. Chinese economics 🎉🎉🎉