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China: Hundreds Attested Over Banking Scandal That Triggered Protests
The scandal drew national attention in China and protests by disgruntled customers in July were violently quashed. Authorities in Henan now say they have arrested 234 people and made progress recovering the funds.
China and 'Banking on Growth Models'
The key problem with China’s state capitalism is that it misallocates capital, is increasingly dysfunctional and is under-allocating credit to the private and household sectors.