CNBC Daily Open: China shuts down record 670 banks, new worries over oil and AI
· cnbc.com
Beijing shuts down a quarter of its banks in order to shore up its financial system, while worries persist over oil and AI.
BEIJING, CHINA - DECEMBER 22: A woman walks by the headquarters of the People's Bank of China (PBOC) on December 22, 2025 in Beijing, China. Zhang Xiangyi | Chi...