China says private banks

China says private banks possible
Associated Press

In this photo taken March 13, 2013, a Chinese man walks past Chinese paramilitary policemen on duty outside China's central bank, or People's Bank of China, in Beijing. China’s government promised sweeping changes to its state-run banking system, including allowing the creation of private lenders, to support its struggling private sector and curb what regulators worry are growing financial risks. The changes announced Friday, July 5, 2013 would tighten controls on some bank activities will while also increasing lending to credit-starved private businesses that are driving China’s growth. (AP Photo/Ng Han Guan)

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