Translated by: MOS Education Team – Sarahyy
Translated by: MOS Translation Team – Kayla

Recently two banks in Communist China, Beijing Zhongguancun Bank and Liaoning Zhenxing Bank announced to cease the cashier businesses and services from April 1st and March 1st respectively, including both branch counters and self-service ATMs. They required customers to use phone apps, WeChat built-in programs and other channels to deal with their businesses, and to transfer money to other banks for cash deposit and withdrawal. 

Commentators point out that the banks in Communist China ceasing cash services without valid reasons is explicating huge problems of cash outflow, and banks’ cash reserves have bottomed out. With effect from the economic avalanche of the Communist China, the financial burst cannot be covered up nor to cope with. The time that the Chinese people cannot make decisions about their own money is coming.

Proofread by: Saturn
Edited and posted by: Saturn
Chief Editor: Saturn M, Emma Z

References:

  1. https://wap.eastmoney.com/a/202202032267182994.html

For more information, please follow us at:

New York MOS Himalaya |GTV

New York MOS Himalaya |MOS TALK

New York MOS Himalaya | GETTR

New York MOS Himalaya |YouTube

Free to Join New York MOS Himalaya | Discord