Cash Crisis Amid China’s Stalling Economy

The cash crisis emerging at four rural banks in the central Chinese province of Henan is currently every saver’s nastiest nightmare.

Deposits at four rural banks in the central Chinese province of Henan have been frozen since April 18, with looming protests in the capital city of Zhengzhou despite President Xi Jinping has placed economic stability as a top priority and vowed to strengthen supervision within the state-dominated financial system.