Someone asked me recently to comment on the difference between Chinese banks and American banks. While both seeks to maximize profits, the former is much more under the control of the government and thus more aligned with national economic policy. Ann Lee recently told Allen and I that in the U.S., as in the recent bail-out of WSJ, the situation was a socializing of the risks … [Read more...] about 12 year-old Victoria Grant on the Canadian banking system
Hidden Harmonies China Blog
As China Re-Awakens, Finding New Harmonies in a Brave New World...