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Chinese Banks Freeze Billions In Deposits: Officials Use Health QR Code To Bar Protesters
USSA News ^ | 06/16/2022 | Tyler Durden

Posted on 06/16/2022 9:35:30 PM PDT by SeekAndFind

Chinese local banks are freezing deposits. Protestors cannot go near banks as their health app for COVID-19 turns red. Authorities provided no explanation...

As The Epoch Times' Dorothy Li reports, several depositors told The Epoch Times on June 14 that the health code on their COVID-19 app turned red as soon as they scanned venue barcodes at Zhengzhou, the provincial capital city of central China’s Henan Province.

A red health code - indicating a potential COVID-19 patient - means the carrier is barred access to all public places from public toilets to shops to train stations, and faced mandatory quarantine in centralized isolation centers.

They are among tens of thousands of bank depositors who have fought to recover their savings for more than two months. The crisis started in April when at least four lenders in Henan froze cash withdrawals, citing internal system upgrades. But customers said neither these banks nor officials have since offered any information on why or how long, prompting angry protests outside the office of the banking regulator in Zhengzhou in May.

An estimated 1 million customers were reportedly affected, which has left many residents’ life savings at stake and patients unable to pay for regular medical care.

Depositors have been cut off for at least 39.7 billion yuan ($5.91 billion), according to Sanlian LifeWeek, a state-run magazine.

Aggrieved depositors across the country planned another protest in Zhengzhou on June 13 to demand an answer, though previous gatherings were met with silence from local authorities and violence from plain-clothes police.

...

Their plan, however, was thwarted again as their health code turned red at the city’s train stations or highway entrance.

A red code indicates the highest level of risk, meaning the person tests positive, has been close to a COVID-19 patient, or has visited high COVID-risk areas in the past 14 days. Residents with red code face two weeks of centralized isolation.

...

“They [officials] are like robbers,” said a third bank customer who was stopped by police at Zhengzhou train station on June 12 and required to leave.

“We’re all legal depositors … Why couldn’t we even have an explanation?”

...

“It’s so scary,” one user commented.

“If the health code is abused … it could be putting digital handcuffs on us. Everyone will become a prisoner from now on and could be stopped anywhere, anytime.”

Read more here...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: banks; bitcoinfixesthis; china; deposit; protest
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1 posted on 06/16/2022 9:35:30 PM PDT by SeekAndFind
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To: SeekAndFind

Dehumanized.

Powerless.

It’s a wonder that people in Red China aren’t stepping off rooftops.


2 posted on 06/16/2022 9:53:33 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: All

Joebama and their masters and minions are salivating over the thought that they will probably be able to do this in the US soon.. Maybe not for Covid since half of us are on to that scam, , but for pox pandemic, or being conservative.


3 posted on 06/16/2022 9:59:49 PM PDT by LegendHasIt
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To: SeekAndFind

And preppers are crazy.


4 posted on 06/16/2022 10:01:02 PM PDT by MDLION ("Trust in the Lord with all your heart" -Proverbs 3:5)
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To: BenLurkin

Im sure with 1.5 billion of em out there, that some do off themselves.

I know japs have a high suicide rate. The chinks wouldnt admit it if they do.


5 posted on 06/16/2022 10:09:22 PM PDT by Jaysin (Trump can’t be beat, unless the democrats cheat)
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To: SeekAndFind

.


6 posted on 06/16/2022 10:16:39 PM PDT by sauropod (It's too bad all the people who know how to run the country are busy cutting hair.)
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To: BenLurkin
It’s a wonder that people in Red China aren’t stepping off rooftops.

China is a post-modern dystopia of the worst kind. But American Leftists admire the CCP's power. So our overlords will ignore China, and continue our asinine and strength-sapping decades-long proxy war against Russia.

7 posted on 06/16/2022 10:36:44 PM PDT by PGR88
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To: SeekAndFind

People living like caged animals, even with basic provisions provided to them, will eventually lack the will to survive

And that’s what is happening to Chinese society.

Since 2019, Chinese births (already very low) have dropped 30%. They will drop drastically again this year.

Registered marriages have dropped almost the same.


8 posted on 06/16/2022 10:41:42 PM PDT by PGR88
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To: Jaysin

“Chinks”? Yikes.


9 posted on 06/16/2022 11:04:17 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: SeekAndFind

If they’d push a little bit harder it is going to be almost as bad as Canada.


10 posted on 06/16/2022 11:09:39 PM PDT by NorseViking
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To: SeekAndFind

A nicer government and banking system could not happen to a nicer people.

May they all get what they need, good and hard.


11 posted on 06/16/2022 11:47:25 PM PDT by JustaTech (A mind is a terrible thing)
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To: JustaTech

Based off what I know of their banking system, many will. It’s a house of cards just waiting for a stiff breeze.

CC


12 posted on 06/16/2022 11:56:29 PM PDT by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: SeekAndFind

Coming to a bank near you.


13 posted on 06/17/2022 12:33:12 AM PDT by Eagles6 (Welcome to the Matrix . Orwell's "1984" was a warning, not an instruction manual.)
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To: LegendHasIt

This is a 2nd amendment ping article if ever their was one.


14 posted on 06/17/2022 1:28:34 AM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: BenLurkin

Young Chinese men have been committing suicide since the shortage of young Chinese women caused by the CCP’s one-child policy became evident. The consequences of years of female infanticide have struck home.


15 posted on 06/17/2022 1:44:12 AM PDT by Silentgypsy (In my defense, I was left unsupervised.)
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To: SeekAndFind

Related:

There’s a run on Chinese banks and it’s being ignored by the world
Asian Markets ^ | 6/12/22 | Henry Chia
Posted on 6/13/2022, 11:25:33 AM by EBH

https://freerepublic.com/focus/f-news/4070758/posts


16 posted on 06/17/2022 2:32:26 AM PDT by EBH (Let God Sort Them Out. 1776-2021 May God Save Us.)
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To: SeekAndFind

Trudeau’s own playbook in Kanuckistan.


17 posted on 06/17/2022 2:47:19 AM PDT by existentially_kuffer
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To: SeekAndFind

This is and has always been the intent behind ‘vaccine passports’......


18 posted on 06/17/2022 3:37:46 AM PDT by wny
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To: SeekAndFind

Rev 13:17 King James Bible
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Wow, that sounds almost Biblical, doesn’t it?


19 posted on 06/17/2022 6:01:34 AM PDT by wbarmy (Trying to do better.)
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To: LegendHasIt

“Joebama and their masters and minions are salivating over the thought that they will probably be able to do this in the US soon..”

Why would leftist dogs be salivating over the prospect of being summarily executed or hanged from a lamppost?


20 posted on 06/17/2022 8:13:06 AM PDT by sergeantdave
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