China’s Banking Nightmare Arrives! 50 Million Become Deadbeats, 130 Million Credit Cards Vanish

On September 2, the CCP’s central bank released figures showing that by the end of the second quarter, mainland China had 677 million credit cards and debit cards. That’s about 10 million fewer than at the end of the first quarter, and nearly 20 million fewer than at the start of the year. On average, more than 100,000 cards were cancelled every day.

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