China deploys tanks to prevent people from withdrawing money from crisis-hit banks

China Just Deployed Tanks
Reports say that tanks were deployed to protect banks and prevent citizens from reaching them. This all stemmed from an announcement by the Henan branch of the Bank of China saying the people that have money in savings cannot withdraw their money because the bank claims it’s their “investment products”.

As a grim reminder of the 1989 Tiananmen Square Massacre, armored tanks were seen being deployed on the streets of China because of large-scale protests by people demanding the release of their money frozen by banks.

It’s been said that the people have started becoming scared and upset over the banks hold on all savings accounts since April of this year.

New videos have surfaced online showing Chinese People’s Liberation Army (PLA’s) tanks being deployed on the streets to scare protestors. Now, large-scale protests are being held in the province by bank depositors over the release of their frozen funds.

This is now posing a serious question if history will repeat itself of China’s repressive crackdown of 4 June, 1989, Tiananmen Square massacre, which was carried out when Chinese leaders sent in tanks and heavily armed troops to clear Beijing’s Tiananmen Square, where student protesters had gathered for weeks to demand democracy and greater freedoms.

Over 1,000 depositors had gathered outside the Zhengzhou branch of the country’s central bank on 10 July, 2022 to launch their largest protest yet. These depositors have put together several demonstrations in the city of Zhengzhou, the provincial capital of Henan, but unfortunately their demands are still being ignored by the Chinese authorities.

I’m not sure what the real reason is behind the banks not allowing it’s depositors to withdraw there money, but you can be assured that it’s not good.