1.0. Introduction Nowadays, the banking industry in North American is facing severe competition and slow growth due to deceleration of population growth. China, in contrast, has a younger and faster growing population; hence, more and more foreign banks are attempting to invest in the Chinese banking industry. However, due to the high barrier of entry imposed by the Chinese government, at the end of 2003, only $500USD millions of foreign equity had been infused in China's banking …
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showed last 75 words of 9760 total
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