Bank Depositor Protest Turns Ugly in Henan Province
China crushes mass protest by bank depositors demanding their life savings back
By Nectar Gan, CNN
July 10, 2022
On Sunday, more than 1,000 depositors from across China gathered outside the Zhengzhou branch of the country's central bank, the People's Bank of China, to launch their largest protest yet, more than half a dozen protesters told CNN.
The demonstration is among the largest China has seen since the pandemic, with domestic travel limited by various Covid restrictions on movement. Last month, Zhengzhou authorities even resorted to tampering with the country's digital Covid health-code system to restrict the movements of depositors and thwart their planned protest, sparking a nationwide outcry.
The face-off lasted for several hours until after 11 a.m., when rows of security officers suddenly charged up the stairs and clashed with protesters, who threw bottles and other small objects at them.
The scene quickly descended into chaos, as security officers dragged protesters down the stairs and beat those who resisted, including women and the elderly, according to witnesses and social media videos.
Money deposited in the bank is evaporating, China's financial crisis is approaching...
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