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Chinese police beat protestors who cannot withdraw from banks. Billions of dollars are stuck, a massive amount has vanished, and authorities are not giving an answer. What is behind the chaos over the weekend? And why are the protestors asking foreign media and the U.S. embassy to pay attention?

Chinese police beat protestors who cannot withdraw from banks. Billions of dollars are stuck, a massive amount has vanished, and authorities are not giving an answer. What is behind the chaos over the weekend? And why are the protestors asking foreign media and the U.S. embassy to pay attention?

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[–] • 1 pt

These are just the first Chinese dominoes to fall. Their corporate bonds are worthless and many of the banks are technically insolvent.

[–] • 0 pt

I've been waiting for the collapse a long time. The whole thing seemed untenable and surreal.