July 23, 2022
Following widespread demonstrations around China, a video of tanks lined up on a road startled the internet as a sombre reminder of the 1989 Tiananmen Square Massacre. The Henan region of the nation has seen skirmishes between police and depositors over the last several weeks. The latter claim they have been unable to withdraw their cash from banks since April of this year.Online videos have recently surfaced showing tanks from the Chinese People’s Liberation Army (PLA) being used to intimidate protesters. Bank depositors are staging widespread demonstrations around the province in opposition to the unfreezing of their cash.Locals affected by the financial crisis, one of the worst in recent years in China, believe deposits totaling 40 billion yuan (US $6 billion) have vanished, and they are protesting for access to their money.The tanks were reportedly on the streets to guard the banks and keep the populace from getting to the banks.The critical question of whether history is destined to repeat itself is being raised by this tragedy.This serves as a sobering reminder of China’s repressive crackdown on the Tiananmen Square massacre of June 4, 1989, which was carried out after Chinese leaders dispatched tanks and heavily armed troops to clear Beijing’s Tiananmen Square, where student protesters had gathered for weeks to demand democracy and greater freedoms.The incident occurs when a Bank of China branch declared that depositor deposits in their branch were “investment products” and could not be withdrawn.
By Subhechcha Ganguly