Chinese Rural Bank Failure

[Plata]

https://apnews.com/article/china-taiwan-c644037239421566b4c5e1e097c3b1f4

Some interesting developments in China of late, seems all is not rosy. I imagine there are some very nervous bankers in China at the moment, never a good look for any bank to prevent withdrawals is it. Looks contained to just a few provinces for now but who knows how it will evolve as the property debt crisis continues. Certainly glad I am not financially exposed to China 

[arekaywhy]

yeah and TANKS?  I mean, are they expecting depositors to turn up with an armoured assault?  Also, are the tanks covered by artillery?

But seriously, I am watching for the Chicoms to kick off the next credit crisis

[arekaywhy]

Chinese central bank rate cut...might give the market jitters...