Protests in China suppressed by the security forces and the military

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Protests in China suppressed by security forces and the military

A banking scandal broke out in the Chinese provinces of Henan and Anhui – people demanded the return of blocked deposits. The authorities reacted harshly – they threw military men and tanks into the streets. Focus details about the protests in China.

The epicenter of the unrest was the capital of Henan province, the city of Zhengzhou. Banking scams by local scammers and a mortgage boycott by disgruntled homebuyers were the main causes of protests by nearly 1,000 depositors, writes The South China Morning Post.

The scam led to the loss of $6 billion in deposits. Five agricultural banks froze money in the accounts of individuals, officials asked citizens to wait with payments. Banks explained the problem by updating the system.

Protests in China – tanks and violent crackdowns

On July 11, the Air Force radio station reported on the use of force against citizens. On this day, hundreds of people in Henan province held banners outside the central bank building in Zhengzhou.

The police told them to disperse, after a while a group of men approached the protesters. Presumably, they were security officers dressed in civilian clothes.

Protests in China were suppressed by the security forces and the military

“A group of people without a police uniform rushed towards us. They severely beat the men. I saw a man nearby with glasses with blood all over his face, I was especially scared at that moment,” a demonstrator described the situation surnamed Wang.

Major protests in China took place on May 23 – thousands of people took to the streets, but the police dispersed the demonstrators. The security forces beat the protesters, knocked them to the ground and pushed them into buses.

Dozens of people ended up in hospitals after being beaten. One of them, a woman named Feng, who was 2 months pregnant, told The New York Times that men in white shirts dragged her by her hair and arms into a bus. There, the police beat several demonstrators.

The woman was taken to the hospital because of stomach pains, but she was refused hospitalization.

Unrest was in the provinces of Anhui and Shandong. Military equipment was deployed on the streets of Rizhao City to protect the banks.

Protests in China were suppressed by the security forces and the military

In the Chinese social network Weibo, they wrote about the use of tanks. Some users noted that military vehicles were driving past the gatherings due to a change in location during military exercises.

Chinese authorities are trying to block eyewitness videos on Chinese TikTok and Weibo.

The Indian newspaper The Print compared the crackdown on protesting military technicians to the 1989 Tiananmen Square massacre in Beijing. Student protests were suppressed by the People's Liberation Army, using firearms and armored vehicles. As a result of such actions, according to various estimates, several thousand people died.

To prevent mass gatherings, Chinese authorities have administered health codes to restrict the movement of COVID-19 patients. Those who went to the rallies in Zhengzhou noticed that upon arrival in the city, their status in the application changed to red – a ban on visiting public places.

Protests in China – the story of the conflict between depositors and banks

Residents of Chinese regions have been demanding the return of money to savings accounts in banks through online platforms for almost 3 months.

Protests in China, the security forces and the military suppressed

In April, depositors were denied access to money due to suspicions of financial fraud by bank owners. Mortgage dissatisfied people took to the streets – people do not pay loans for unfinished residential buildings.

In Zhengzhou, on July 21, protesters surrounded the branch of the local central bank.

The scandal drew attention to 4,000 small and medium-sized banks. Seeking to bolster depositor confidence, authorities in Henan and Anhui provinces began paying small depositors on July 15 following government investigations and arrests of suspects, Reuters reported.

Henan officials have promised to start the second round of payments to customers from 4 local banks from July 25.

Protests in China were suppressed by the security forces and the military

Police continue to investigate, some suspects have been detained. Henan New Fortune Group and a man named Lu Yi were named as the organizer of the fraudulent scheme.

According to the investigation, Henan New Fortune Group illegally used third-party platforms and stock brokers to attract depositors. The scheme has been operating since 2011 and included the creation of online platforms for promoting financial products.

The New York Times notes that the demonstrators do not believe in the efforts of the authorities and the police. People are afraid that they will never see the accumulated money.

Focus already wrote that China is helping Russia deliver electronics for waging a full-scale war in Ukraine.

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