(JustPatriots.com)- Chinese officials made the outlandish assertion that the entire incident was just a tiny technological hiccup in response to growing public fury over the misuse of the mandated coronavirus “health code” system to quell protests against a banking scandal.
The government-run Global Times published accounts about people whose color-coded health status became red. The article then implied that most of the people were depositors at four banks in Henan involved in a multibillion-dollar financial fraud.
All of these people got red health codes on Monday, the same day significant protests were expected outside scandal-plagued banks and government offices in Henan. The Global Times omitted that some of these persons were imprisoned and confined.
They reported that all relevant complaints had been given to the “appropriate authorities,” and every official is doing their best to control the “glitch,” which is mysteriously fixing itself.
Some Zhengzhou depositors reported green health codes following nucleic acid testing. Some people’s codes became green when they returned from Zhengzhou, while others remained red.
It is unknown if “red codes” solely affect depositors, although local Henan personnel believe the issue is related to database errors.
According to Zhengzhou city hotline 12345, the red code was not authorized at the municipal level, and the city cannot handle the problem. The hotline had received calls by Tuesday afternoon, and its employees reported the issue to higher-ups.
Given the banking issue, some regarded the latest red health code as a method to prevent depositors from gathering in Zhengzhou to withdraw their money. The Global Times admitted to this after trying to tell them they were wrong.
The South China Morning Post (SCMP) stated Wednesday that banking crisis protests are still happening, despite the coronavirus health code antics. Depositors across China are worried that similar abuses may happen at more banks than the four in Henan that won’t allow people to withdraw their money.
The opacity of tiny banks’ shareholding structure, according to the SCMP, has allowed certain shareholders to build considerable stakes without regulatory approval while also utilizing lenders to secure loans. This “opacity” has “enabled some stockholders to acquire huge bank interests without regulatory clearance.”
