Chinese bank deposits plunge

July 29, 2013 | Last updated on July 29, 2013
1 min read

The biggest banks in China have lost a total of ¥1 trillion in deposits so far this month, reports Forbes.

It adds a Shanghai news outlet revealed the drop in deposits. However, Forbes says the trend doesn’t seem to be connected to the fact that investors are shifting money out of Chinese markets. Read more.

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