New Banking Crisis in China? BRICS To Save Globalisation | Vantage with Palki Sharma

New Banking Crisis in China? BRICS To Save Globalisation | Vantage with Palki Sharma
After US, the next banking crisis may be coming from China. Meanwhile, 19 countries have expressed their willingness to join BRICS. How significant is this? Palki Sharma decoes

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[LiamOliver]

BRIC'S isn't helping matters. According to some analysis, the United States and other regions of Europe may have a recession in 2023. Because China and emerging countries frequently grow faster than more developed economies, a global recession, which is defined as a decline in annual global per Capita GDP, is more uncommon. Fundamentally, if economic growth lags behind population growth, the global economy is said to be in recession.

[sanjlutchman]

Excellent programme and excellent presenter. Well done.

[theinfralink]

I’m more and more convinced that this channel should be called Indian Opium channel dedicated to say things to make Indians feel high, whether they are true or not.

[maricel]

Check lahat yan para mapag handaan nang fed next yr

[SummerBreeze]

Women need to get tougher and not worry about what others think. We can't cave into those who hate us.

[waldensmith]

Good morning Vantage thanks for reporting on the banking crisis in China's with billions of wealth at stake. You inspire me to think on BRICS and I came up with an accrostic name for countries who do not join BRICS. Here is the ACROSTiC name FAGMAC comprising of France America Germany Mexico Australia and Canada to compete with BRICS other non BRICS countries are welcome to apply with the objective of generating Wealth and prosperity for their nations. Keep up the good work at Vantage.

[SavonPha-eqkl]

The recycled materials for Yen and Yuan, has been delivered.Mission completed and thank-you, Asia for the export biotechnology.

[SavonPha-eqkl]

Brink use to be a financial currency, now USA moneys is used worldwide, for exchange of metal coins.

[DeBeard]

tbf…I've never heard a Chinese bank named Henan Bank…but i do know SVB n Sussue Credit😮 should we do dump Chinese yuan now!!?

[juhantoon]

My take is forget about US banks and also even if 100 banks in India are collapsed, none of the China bank will collape.

[ashokindian]

24 carat Gold shall be trade currency with Chinese 😂

[YanYuan]

If China's financial situation is so critical, why is China's credit ratings at A+ while it's BBB- for India?

[maricel]

Hayaan na ma bankrupt qng mga bank nang China government. Check lahat nang mga business nila kung ok o hindi kung nakaka bayad nang mga utang nila at ultimatum nang mga debt nila. Pag marami kayong makikitang ganyan na factory's bigyan nang decline pag di naka bayad saka pasukin lahat nang federation. Final I don't care kung sinong hinayupak ang may ari. Gusto ko makuha ko lahat nang malalaking business sa China.

[timothychung]

PALKI, you might want to look at the line ups to shake Lavrov's hand at the UN. There are more than 12 nations for Russia

[shiulai]

Here is an investigative report from the South China Morning Post, dated July 13, 2022
How did the Henan banking crisis start?
The cash crisis began to unfold when savers were denied access to their accounts at a number of rural banks in Henan and Anhui provinces due to a system upgrade on April 18.
Since then, deposits at Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng in Henan province and Guzhen Xinhuaihe Village Bank in the neighbouring Anhui province have been affected.

Will victims of the Henan banking crisis get their money back?
In China, deposits in both local and foreign currencies held by domestic banks for all businesses and individuals are guaranteed up to 500, 000 yuan per depositor per bank, but it is not clear whether the rural banks will be covered by the scheme.
On July 11, CBIRC branches in Henan and Anhui provinces said customers of the five banks with deposits of up to 50, 000 yuan will be repaid first.

[shannon-zwyg]

China tcf DreamWorks accounts then cardholders names in three different categories dow.. etc only and differentiate checking cods from savings cods body bearers access

[alyasagan]

She has been talking about about China doom and gloom but nothing happen.

[shiulai]

The Chinese financial system seems to be OK
March 30, 20238:29 AM Reuters
China's Big Five banks post healthy results, warn of shaky recovery

[petronash]

This girl is a populist, and most of her sources are questionable. Sub standard journalism