Small banks in China are running into trouble. Savers could lose everything
CNN
Peter had put his life savings of about $6 million into accounts at three small banks in China's central Henan province. He says he hasn't been able to access them since April.
The 45-year-old entrepreneur asked us to call him Peter for security reasons. He's from the eastern city of Wenzhou and is just one of thousands of depositors who have been fighting to recover their savings from at least six banks in rural provinces in central China.
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