China, the land of riots after Sri Lanka..!? Reason..?

Sowmiya Sriram
China, the land of riots after Sri Lanka..!? Reason..?

President Gotabaya Rajapakse has gone into hiding due to the people's protest in sri lanka for the past few days. The reason for this situation in sri lanka is the biggest economic fall in the country. In this situation, china, which is considered one of the superpower countries after sri lanka, suddenly came to the streets to fight for the same economic situation.
Some banks in China's Henan province suddenly froze customer deposits. The area is seen as a land of riots as bank customers are protesting for their deposits. Some banks in Henan province in china have suddenly frozen their customers' deposits because it is said that the corruption of the Henan government is the reason.
Chinese media have reported that customers' deposits stored in banks have been frozen since last april, and protesters are protesting to demand the return of their deposits. Because of this action by the banks, china has become a land of riots, just like Sri Lanka. It is said that deposits worth millions of dollars were frozen in april last year, and bank managements are turning a blind eye to the protests that have been taking place for the past two months.
Following this yesterday, thousands of bank customers gathered in front of the Central bank of china and staged a huge protest. Due to this, the Chinese government has seen the game. It is noteworthy that this is the biggest protest in china since the coronavirus.
Yuzhou Xinminsheng village bank, Zhecheng Huanghuai bank, shanghai Humin Rural bank, New Oriental village bank, and Yixian County village bank in Henan province have reportedly frozen about $3.5 billion of customer deposits.
When the bank officials gave an explanation about this, they said that after an investigation of the frozen banks, the frozen deposits will be given to the customers gradually. But the bank customers are saying that the banks should give them the deposit amount immediately and the banks have not given any response to their requests so far.
In this situation, there are reports that the police of the country used batons on the customers who are protesting against the bank management, and many people were injured due to this. Economists are warning through the media that the Chinese government should intervene and solve this problem immediately, otherwise there is a possibility that this protest will break out across the country.
For more interesting updates click and follow Indiaherald WhatsApp channel

Find Out More:

china

Related Articles: