The Rise of the 'Chinese Model'

http://www.futureofcapitalism.com/2009/07/the-rise-of-the-chinese-model

"Today the three largest banks in the world by market capitalisation are all Chinese," the Financial Times reports, in another example of how rapidly the terms of the debate have changed. Here we had thought banking was something capitalism, not communism, was supposed to excel at. On the other hand, some of the big non-Chinese banks (RBS, Citi, B of A) are themselves incorporating Chinese-type models of state-ownership, with all the politicized trimmings.

by Editor  |  Jul 2, 2009 at 9:30 am Related Topics:  China receive the latest by email: subscribe to the free futureofcapitalism.com mailing list