Chinese officials beat protesters trying to access their life savings

On Sunday, Chinese security guards violently beat demonstrators to shut down a protest against several rural banks. The demonstrations come after the banks froze millions of dollars belonging to hundreds of thousands of depositors, leaving many destitute since April. Over 1,000 depositors gathered outside the People’s Bank of China in the city of Zhengzhou, the capital of the Henan province, demanding their life savings be returned, according to CNN.-- More...

Translated from Chinese by Google: In Zhengzhou, Henan, bank depositors were beaten, arrested and quarantined by underworld thugs hired by the government. The CBRC does not recognize depositors as deposits. It is said to be financial management, but the online system is a bank deposit account. For example, the banking system has strict supervision and review, which is definitely not something a businessman can do! The CBRC said it did not know that it was illegal for a bank that has been in operation for 11 years? Who are you fooling? pic.twitter.com/yjgRbW8NmI

— 吴文行wenxingwu (@wuwenhang) July 10, 2022