Beijing: There are reports that China is heading towards a huge economic crisis. International media reports that Chinese banks are in losses of 300 billion dollars. International media released footage of investors protesting in front of banks in China because they could not withdraw their money.
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In the face of economic crisis, the government is formulating an economic restructuring plan. In the meantime, investors are coming to withdraw their money in large numbers, which is putting the banks in more trouble. Police action in China against those who protested in front of banks demanding their money back was news in the international media.
Non-return of money to investors is creating a crisis, including in the construction sector. It is reported that the commercial scene is also moving to a near standstill.