Your Tuesday Briefing: China Banking Protests

Moreover, Ukrainian civilians bear the brunt of the Russian war and new details after the death of Shinzo Abe .

Hello. We cover economic protests in central China, the toll of the Russian invasion on Ukrainian civilians, and renewed scrutiny of the death of Shinzo Abe.

ImageA financial scandal rocks central China.

Chinese protests over frozen funds

Security forces attacked up to a thousand protesters who were trying to withdraw their money from four rural banks in the province. nce in Henan this weekend.

The rare mass protest is the latest escalation in a growing financial scandal in central China. Depositors have been trying for months to withdraw money from the four banks. In April, they discovered their funds were frozen as investigators looked into allegations of widespread fraud.

Depositors began showing up in person to demand their money . Zhengzhou city authorities attempted to use health code apps intended to prevent the spread of Covid-19 to prevent them from traveling, but backed out after facing backlash.

One ​​A 31-year-old woman, two months pregnant, said she had deposited all her savings and her father's pension money. "If I don't get the money back, I can't have prenatal checks, I can't have this child, and I can't continue to support my 2-year-old daughter," she said. .

Details: Over the weekend, guards beat protesters and pushed them into buses. Protesters told The Times that dozens of them had been sent to hospitals.

Analysis: China's broader economy...