This paper examines the problems, crisis and privatization process in the Chinese banking industry.
Written in 2005; 1,800 words; 5 sources; $ 71.95
Paper Summary:
The paper reviews the stops and starts of China's slow procession towards privatization in its banking sector. Mainly, the paper points out the challenges China's banks still face as they stumble towards westernizing their management practices, liberalizing their attitudes and approaches and making themselves a more viable competitor to American and European banks.
From the Paper:
"This paper shall briefly review the challenges facing China's banking sector as it attempts to privatize and modernize. The paper will examine the sector's historic control at the hands of the government; the paper will also review the ignominious history of poor managerial decision-making which has hurt the sector. Proceeding onward, the paper will look at the mixed record of the People's Bank of China as it has contributed (or not contributed) towards modernization, and the paper will finish with a review of how the Chinese banking sector, as it modernizes, needs to distance itself from State-owned enterprises for its own good."
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