China arrests hundreds in rural banking scandal Police in China have arrested 234 suspects allegedly involved in a rural banking scandal, a month after hundreds of depositors protested over their lost savings in one of the largest demonstrations the country has seen since the pandemic began. Since April, four rural banks in China’s central Henan province have frozen deposits worth millions of dollars, heaping misery on hundreds of thousands of customers in an economy already battered by draconian Covid lockdowns. Police in Xuchang city, Henan said in a statement Monday…
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