China bank closures hit record 670
Statements (5)
- Bearish
China is closing a record number of banks as economic growth slows
- Bearish
China closed 670 banks last year
- Neutral
China is shutting down nearly 25% of its banks as part of an oversight push
- Bearish
Almost a quarter of banks in China have been closed
- Bearish
More than 670 Chinese lenders shut down last year, a record number for the sector