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Michael Pettis: China's Economic Growth Model Is Dying
Forward Guidance
Chinese Banking System Ownership
The Chinese banking system comprises mostly state-owned enterprises, including the big four banks, despite being partially privatized, as their chairmen are appointed by Beijing. Additionally, there are smaller commercial banks, some privately owned, some owned by cooperatives or local governments. However, the distinction between state-owned and privately-owned banks is not significant due to heavy regulation and control over the entire banking system.
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