Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 9 months ago

China is merging hundreds of small banks to fend off financial stress

www.businessinsider.com

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China is merging hundreds of small banks to fend off financial stress

www.businessinsider.com

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 9 months ago

2,100 banks could be affected as China looks to curb the bad loan environment of its rural communities, Bloomberg reported.

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The Snark Urge@lemmy.world
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9 months ago
It would have to be done very carefully and quickly, so that there is no chance for brinkmanship.
- Zevlen@lemmy.world
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  9 months ago
  b… brinkmanship?
  - The Snark Urge@lemmy.world
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    9 months ago
    Can I help you?
    - Zevlen@lemmy.world
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      9 months ago
      Nah, I am good. Just didn’t know the definition so I helped myself and hopefully others like myself.
      - The Snark Urge@lemmy.world
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        9 months ago
        Might be an idea to brush up on the cold war, while you’re at it. We’re still in it.

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