Taipei, March 29 (CNA) The Ministry of Digital Affairs (MODA) said Wednesday it has released addresses and coordinates for ATMs where people will be able to collect NT$6,000 (US$197) government cash handouts beginning April 10.
Facing angry homebuyers and bank depositors, local authorities in China are looking to the central government to foot the bill, but Beijing wants them to take on more debt. The crisis points to a major weakness in Chinese banking and credit markets – the lack of real tests of collateral.