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Thread: US should allow China to enter its banking area!
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[quote=JIMMYB,248188]Let's say they love competition outside their borders (lowering prices) but they are quite protectionist once you enter the national market (potential risk). You are quite right, ERENCIUS. Why do they ask China to open its financial market? Because they want make money. Compared with Chinese domestic banks, they have obvious advantages. It is easy for them to win in the competition. However, when Chinese banks applied to enter its market, they have many excuses. To some extent, they are afraid that those Chinese banks might harm their domestic banks. They are really smart.[/quote]
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