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ronnel acido
China Observer
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Comments by "ronnel acido" (@ronnelacido1711) on "Chinese Are Crying, Where Has All My Money Gone?" video.
Or that you have "authorized" the bank to invest your money on financial products you have never heard of.
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High interest rates is to bait gullible depositors. Chinese banks have become money blackholes.
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1st in Happiest Countries?? ðĪĢI have lost my job, unable to find employment and unable to pay mortgages, and am happy with my lot? ðð
1
Chinese people have no confidence in China's future so they save as much as they can in the banks. The banks, in turn, use the money to lend to the people for essentials, or for housing and car loans. Real estate and scamming businesses abscond with tbe money, leaving the borrower with an empty bag and, worse, with a debt that could not be repaid as banks put up all obstacles to keep the depositors' money in their vaults. In the end, depositors get hit with a double-whammy. Moral lesson: don't put your money in a bank in China and save yourself the grief.
1