After more than three months of frozen accounts, rural bank depositors in Henan Province, China, held a large protest that was crushed with physical violence. The public was outraged with the police brutality and forced the officials to promise to repay qualified customers.
On July 11, Henan provincial authorities promised they would repay some customers starting on July 15.
Multiple media reports show that protesters encountered harassment by local authorities and the possible involvement of local gangs in violently ending a large-scale protest at a branch of China’s central bank in Zhengzhou, Henan Province on July 10.
Analysts believe the incident could initiate a chain reaction that could threaten the Party’s dictatorship….