Evergrande bankruptcy fears spark a bank run in China

One of heavily indebted Chinese property developer Evergrande’s local lenders displayed this week a “cash wall” of renminbi notes at its office after depositors queued up to withdraw their deposits in what could be the front edge of a bank run crisis in China. Hundreds of people have queued up at the Bank of Cangzhou’s … Continue reading Evergrande bankruptcy fears spark a bank run in China