In brief
China closes 670 banks in one year…most in rural areas
Nonperforming loans at regional banks hit 2.8%…twice the average
Fitch sees little risk of contagion…city banks decline in July
Read the original article by Lockridge Okoth at kr.beincrypto.com: China Shuts Down Hundreds of Banks…Should Bitcoin Investors Worry?
China closes 670 banks in one year…most in rural areas
Nonperforming loans at regional banks hit 2.8%…twice the average
Fitch sees little risk of contagion…city banks decline in July
Read the original article by Lockridge Okoth at kr.beincrypto.com: China Shuts Down Hundreds of Banks…Should Bitcoin Investors Worry?