Break up the China banks, says Wen
The strength of China's state-owned banks is overwhelming and must be cut to size, said Chinese Premier Wen Jiabao.
China’s state-run banks are too powerful and should be broken up Chinese Premier Wen Jiabao said during an address on China National Radio on April 3. This should provide hope for small and medium-sized enterprises (SMEs) in China who have long complained that state-controlled banks favour lending to state-owned firms.
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