"China's banks (aren't) really the villains here," writes Patrick Chovanec, responding to...
"China's banks (aren't) really the villains here," writes Patrick Chovanec, responding to Premier Wen's comments about their monopoly power. "They are creatures of the State; they do what they are told and incentivized to do," - that is lend, without counting the cost, for projects that "carry the imprimatur (and implicit guarantee) of the Mother State."
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at CNBC.com (Dec 12, 2013)
at CNBC.com (Apr 12, 2012)
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