[AJ007]

You can lose your savings from a bank default, this happened to some weak banks in the US. You go to withdraw your money it is not there.

You can lose your saving from currency devaluation. In order to pay off debt, a government can issue new currency (debt denominated in its own currency; in Eurozone countries they can only raise taxes and cut spending to pay off debt.) Your savings don't matter because there is so much more money. An old unit of currency is equal to new units.

We can't be certain of Chinese banks' liabilities but it is something you can keep an eye on in the Western press, if blocked locally ( http://www.bloomberg.com/news/2014-02-14/china-banks-bad-loa... )

If I was Chinese, I would not be too concerned as long as I did not have liabilities for my business or money deposited in a bad bank. If yes to either of these, you are at risk of losing everything.