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Thread: US should allow China to enter its banking area!
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[quote=ERENCIUS,248105]Quote: "Because they are concerned about the transparency and management of Chinese banks. What's more, they think that Chinese banks are absent of a leagal framework to combat the anti-laundering black money. However, this should not be an excuse to refuse Chinese banks to enter its banking area." I think these are excellent excuses actually though I don't think it is the main reason. French banks also had some problem to enter the US market. Let's say they love competition outside their borders (lowering prices) but they are quite protectionist once you enter the national market (potential risk). But this is true only for foreign companies, between American ones usually competition is quite effective and free.[/quote]
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