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China debt crunch

Disappearance of deposits triggers distrust in Chinese banks

Scandal at a regional bank undermines confidence in entire system

Customers of a rural Chinese bank have found that their deposits disappeared into thin air. (Source photos by Reuters/AP)

SHANGHAI -- Customers of a rural Chinese bank have found that their deposits disappeared into thin air. Lies told by the lender, supposed to be under strict supervision of financial authorities, are inviting distrust and shaking public confidence in the country's banking system.

The bank's call center kept giving false explanations to a typical customer.

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