China: PLA Tanks deployed on streets to prevent people from withdrawing money in Henan

Serving as a sombre reminder of 1989 Tiananmen Square Massacre, armoured tanks were seen deployed on streets of China amid widespre protests by people who took to streets calling for release of ir money that h been frozen by banks. In a fresh video that went viral on internet recently, Chinese People's Liberation Army's (PLA) tanks on Wednesday rolled through streets in a bid to frighten Henan bank protestors.

It is pertinent to mention here that conflicts between Chinese police and depositors have been happening in country's Henan province for past several weeks, with latter claiming y have been unable to withdraw ir savings from banks since April of this year, according to local media reports.  tanks were reportedly deployed on streets to protect banks and keep protestors from attacking m. incident follows a statement me by Bank of China's Henan office that deposits me by customers are "investment items" refore, y cant be withdrawn.

As per local media reports, authorities have said that y will begin releasing deposits of people whose funds have been blocked by a number of rural banks following protests in Henan's capital, Zhengzhou. However, according to n-mainstream media in China, only a few depositors have received payouts, which raises critical question of wher banks have any extra cash.

se reports furr ted that white-clod men, who are reportedly members of Chinese People's Armed Police Force, dispersed protestors in front of Zhengzhou division of People's Bank of China (PBoC) during widespre protests in Henan province demanding release of frozen funds.

A grim reminder of Tiananmen Square incident

tanks on China's streets raise crucial question of wher history is destined to repeat itself as this incident serves as a grim reminder of Tiananmen Square massacre, which occurred on June 4, 1989, when Chinese leers brought in tanks and highly armed forces to clear Beijing's Tiananmen Square, where student demonstrators h congregated for weeks to call for democracy and greater freedoms. crackdown is shunned in classroom and closely regulated in media and online. It is pertinent to mention that Tiananmen Square massacre resulted in deaths of hundreds, if t thousands, of unarmed demonstrators.

Challenging year for China

Meanwhile, Zheng Yuhuang, a professor at Beijing's Tsinghua University, claimed in a video that 2022 will be a challenging year for China. According to Zheng, 4,60,000 businesses closed down in China in first half of year, 3.1 million industrial and commercial households were written off and enterprise liquidation increased by 23 per cent year on year, ANI reported. ding furr he said, 10.76 million college gruates have entered workforce under heavy employment pressure and 80 million young people are still unemployed.

(Input with ANI)