Author: Gill Baker
China’s banking system faces the kinds of challenges being grappled with by bankers worldwide – except that the sheer size of its industry presents a new level of complexity. The analogy of the oil tanker that needs a lot of space and time to change course is particularly apt in China’s case. And the task is made more daunting still by the need to get reform in place before World Trade Organization rules come into force, thereby opening up the market to a wave of international banks with massive experience and powerful brands.
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