Party Building in China's Institutions
Pekingology
00:00
The Alternative to the Western Model of Financial Architecture and Regulation
CNN's John Defterios asks: Which financial banking system would you like to be living in? The one in Omaha, Nebraska, or the one in Pick Your Random Town in China? As time goes on he finds himself somewhat less sympathetic to that argument only because China has not produced a better model. He says if I was an average Joe in random ville, China, I would rather have a system closer in approximation to the deep liquid mature, highly regulated banking system here.
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