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China’s small exporters see bank accounts frozen amid ‘massive crackdown’ by police across the country

Summary:
[unable to retrieve full-text content]Individual traders in some of China’s export hubs are having their bank accounts frozen in what industry insiders say is collateral damage from the nation’s crackdown on internet crimes and illegal foreign exchange transactions.Traders in the cities of Guangzhou, Yiwu, Shenzhen and Quanzhou are among those whose bank accounts have been targeted.They include the family of small manufacturer Betty Chen, who has been running garment factories and wholesale shops for decades in Guangzhou, focusing…

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[unable to retrieve full-text content]
Individual traders in some of China’s export hubs are having their bank accounts frozen in what industry insiders say is collateral damage from the nation’s crackdown on internet crimes and illegal foreign exchange transactions.Traders in the cities of Guangzhou, Yiwu, Shenzhen and Quanzhou are among those whose bank accounts have been targeted.They include the family of small manufacturer Betty Chen, who has been running garment factories and wholesale shops for decades in Guangzhou, focusing…

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