China Trying to Ease Fear

March26

Banks in Chinese city show stacks of cash to reassure depositors

From the article…

…..the rush for cash appears to be an isolated incident so far.

I’m thinking….so far, so good.

And this?

Huanghai and Jiangsu Shenyan banks declined to comment. An official at Jiangsu Sheyang referred media inquiries to Yancheng city’s propaganda department.

Propaganda Department?  Yeah, that’s where I would go (sarcasm). Uh, not really. Somehow I see people being directed by someone saying, “Please go to our happy, happy, joy, joy, department.”

http://news.yahoo.com/chinas-sheyang-county-says-funds-protected-rumors-spark-010251702–sector.html;_ylt=AwrSyCMARzJTfAUAb67QtDMD

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Posted March 26, 2014 by Sue Says in category Economic News

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