More Bank Failures In China, Harbin Bank Makes 5 State Takeovers In 2019!

Today we examine the financial crisis in china's regional lenders. We see first an economic slowdown in China has led to difficulties with liquidity in China's banking sector. Harbin is considered a medium sized lender however this is now the 5th bank that has undergone this takeover process. Clearly the synchronized global economic slowdown is now taking its toll on China's economy.

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