Earnings plunged last year at foreign banks operating in China while their Chinese counterparts...

|By:, SA News Editor

Earnings plunged last year at foreign banks operating in China while their Chinese counterparts posted double-digit gains. But no one is likely to leave a market many see as a driver of growth; HSBC (HBC), for example, says the country is key to its "emerging-markets strategy," despite a 60% slide in profits in 2009.