https://www.asiamarkets.com/chinese-banks-run/
Surprised I’ve not seen this posted here yet, or perhaps it just got buried in all the other doom and gloom.
(Suffice to say, I’m feeling better and better about moving all my Roth and 401k to cash/money markets last week despite having already taken a 15% or so haircut!)
CCP now weaponizing their COVID tracking app to stop the protests (and, hopefully, the bank run as well): https://www.vice.com/en/article/93a53v/china-covid-health-co…
Even if the party can stem the riots in China and maintain order the financials are going to fail. This is happening two months earlier than my hypothetical timeline.