While idk about the politicality of the paper, there is absolutely an ongoing cull of banks in China. That is not political. Inferring some big doom would be. T

While idk about the politicality of the paper, there is absolutely an ongoing cull of banks in China. That is not political. Inferring some big doom would be. They are mostly rural and small banks. The problem being the same problem of say isps in America. None of the major banks can make an honest attempt at service because there's just no money in it. The "hope" is that these small banks are failing and the big banks buying up which will solve the dualing problems of small banks being vulnerable and big banks not having presence. But thats a pretty aspirational take.