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China’s Bank Purges Deepen Economic Woes, Accelerate BRI Collapse: Analysts

Summary by The Epoch Times
A widening anti-graft crackdown on Chinese state bankers threatens to collapse Beijing’s Belt and Road Initiative (BRI) and worsen the country’s already grim economic outlook, experts warn.   Ouyang Weimin, former president of the China Development Bank (CDB), is under investigation, China’s Central Commission for Discipline Inspection and the National Commission of Supervision announced on July 19. Ouyang is suspected of “severe disciplinary an…

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The Epoch Times broke the news in New York, United States on Friday, July 24, 2026.
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