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Tiananmen Square 2.0? China Deploys Tanks to Prevent People from Withdrawing Money from Crisis-hit Banks

Posted on the 21 July 2022 by Geetikamalik

New Delhi: In a gloomy reminder of the 1989 Square Tiananmen massacre, armored tanks were seen deployed on the streets of China in the midst of large-scale protests by people who demanded the release of their savings which were frozen by the bank.

Henan Province in the country has been watching the clashes between the police and the last time said they have been prevented to withdraw their savings from the bank since April this year.

Fresh videos have appeared online where tanks -Tank Chinese People Liberation Army (PLA) can be seen used on the streets to frighten the protesters. Large -scale protests were held in the province by bank depositors during their frozen funds.

According to the report, the tank exits on the streets to protect banks and prevent local residents from reaching banks. This episode emerged after the announcement by the Henan Branch of the Bank of China that the savings of depositors in their branches were “investment products” and could not be withdrawn.

This incident now asks a serious question if history is regulated to repeat.

This is a grim reminder of China’s repressive crackndown of 4 June, 1989, Tiananmen Square Massacre, which was carried out when chinese leaders sent in tanks and heavily armed troops to clear beijing’s tiananmen Square, where greater freedom.

Estimation, which killed hundreds of people, if not thousands, from unarmed protesters, shunned in the classroom and strictly censored in the media and online.

On the 33rd anniversary of Tiananmen Square Crackdown, the world remembered the courage of a famous tank man who stood firm in front of the troops, Citra which caused one of the 20th century symbols.

After protesting in the capital of Henan, Zhengzhou, turned into violence, the authorities said they would begin to release money in the batch for depositors who had their funds frozen by several rural banks, with the first due on July 15. Only a handful of depositors receive payments, asking serious questions about whether the bank has something to set aside.

In accordance with the notification issued by the Henan Province Financial Supervision Bureau, several bank depositors in the villages of Henan and cities should get their deposits back on July 15.

However, non-main media believes that only a few handhends have made this payment. Chinese government media also have not posted anything about repayment.

Non-Mainstream Hong Kong Media also believes that at such a time when stability is emphasized and stability is the interests of Chinese President Xi Jinping, which allows such incidents to become greater (like Bank Zhengzhou’s protest) shows that these banks are really not Have money to be set aside, at least not until the problem is resolved.

Most of the revenues for local governments come from leasing land, especially for real estate developers and because there are so many projects that have not been completed, many construction companies have not bought land anymore, affecting local government revenues.

Meanwhile, a video was circulated online a few days ago where the Professor of the University of Tsinghua Beijing Zheng Yuhuang said that 2022 was a difficult year for China – 4.60,000 companies in
China was closed in the first half of 2022, and 3.1 million industrial and commercial households were abolished, the company’s liquidation jumped 23 percent year to year, 10.76 million college graduates had entered the community, with severe work pressure, and 80 million people young unemployed.

According to media reports, the reason why the suspension of loan payments by home buyers is not immediately handled is that except for senior officials who are responsible for urban development and real estate, almost every successful real estate developer is white gloves from several other strong families from the elite The Chinese Communist Party (CPC), such as Evergrande (one of the biggest property developers in China) Xu Jiayin, and Zeng Qinghong’s nephew (PKC politician) Zeng Baobao was directly involved in real estate to make money to make money to make money to make money to make money for making money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money to make money To make money to make money in real estate to make money in real estate to make money to make money to make money to make money to make money to make money in real estate (PKC politicians. .

Ordinary real estate developers must also bribe government officials at all levels with their development in return. If the top leaders BPK wants to investigate corruption in buildings and unfinished real estate, they may have to be de facto using a knife inside.

During a large -scale protest in Henan Province by bank retrieval for the release of frozen funds, a man in white, who allegedly came from the Chinese armed police forces, pressing protests in front of Bank Rakyat Zhengzhou (China (PBOC) office, local media reported.

More than 1,000 depositors gathered outside the Zhengzhou branch of the country’s central bank on July 10, 2022 to launch their biggest protests. Hundreds of depositors have held several demonstrations in the city of Zhengzhou, the capital of Henan Province, but their demands were ignored by Chinese authorities.

The post Tiananmen Square 2.0? China deploys tanks to prevent people from withdrawing money from crisis-hit banks first appeared on News Shakti.


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