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View Full Version : IHT Rendezvous: Chinese Leader Says Banks Are Too Powerful


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04-04-2012, 01:40 AM
In a radio address broadcast nationally, Prime Minister Wen Jiabao of China delivered this surprising comment: "Frankly, our banks make profits far too easily. Why? Because a small number of major banks occupy a monopoly position, meaning one can only go to them for loans and capital."

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