China Stampede

ASIA REPORT & EMERGING MARKETS

Ask senior bank executives whether their firms should be in China and they probably will say it's a no-brainer. Most big US and European banks are chomping at the bit to tap into a market that has 1.3 billion consumers and a double-digit economic growth rate. This century will witness the Chinese banking systems wielding huge power. Carving out a strong presence in the country is a must for any major financial firm.

Chris Skinner, CEO of London-based think tank Balatro, compares the deregulation

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