Prior to the WTO accession, China’s market was not open up to foreign competition. In China’s centrally planned economy, the function of the state commercial banks was misplaces as a social function rather than economic function. Commercial banks had to adhere to the government to lending practices.
Prior to the WTO accession, China’s market was not open up to foreign competition. In China’s centrally planned economy, the function of the state commercial banks was misplaces as a social function rather than economic function. Commercial banks had to adhere to the government to lending practices.