Bank run in China

Like a slow motion train crash:

Chinese authorities are moving to prevent further financial contagion as a bank run unfolds in one of its provinces.

Thousands of customers lined up to withdraw their money amid worries that the Bank of Cangzhou is at risk of going under, reports state-run Chinese media.

The regional bank lent hundreds of millions of dollars to Evergrande, a massive Chinese property developer that went bankrupt last year.


Seriously, can they have a run on a bank in China?