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#China #Econony
Rumors flies of Chinese city residents facing difficulties withdrawing money from banks

After banks in rural areas in Henan were suspected of financial improprieties, rumors had been spreading online of bank account holders in multiple prefectural cities and municipalities in China being faced with difficulties when withdrawing money from their bank accounts.

Some bank account holders were even only informed of the ¥1000 RMB daily withdrawal limit when they arrived at their bank.

Affected cities seemed to include #Shenzhen, #Shanghai, #Dandong and #Foshan, among others. Videos had emerged online of elderly people lining up outside the bank waiting to withdraw their money in Shanghai. However, as only 40 people could withdraw their money per day, some elderly people began lining up since two in the morning.

Lines were present outside many banks in affected cities such as Dandong, where customers lined up before the bank opened, and still could not withdraw their money by afternoon. Residents at Dandong claim that this situation had been going on for several weeks, with no signs of improving.

Source: i-CABLE

https://bit.ly/39OVhze

#ChineseEconony #ChineseBanks