Highlights:
- China is imposing rigorous checks on large banking withdrawals following the fears of bank runs and rising bad debts among the lenders.
- The limits in businesses and withdrawal large amounts of cash will be first imposed in Hebei province and then will be extended to other regions.
- The restrictions require lenders to report withdrawals of more than 100,000-300,000 yuan f....
Tags : China, bank, withdrawals, central bank, restrictions,
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