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Wednesday, February 10, 2010

Understand China's financial system

Disentangle China's 'complex' financial system (source: Economist Magazine). 

No surprise here ---the deep connections between bankers, and China's Communist Party members, and their sons and daughters. 

To be fair, every system is evolutionary, and it takes time to improve.  But there is no way to guarantee China's financial system will become more transparent.  This does not look good to me.