Wed, 04 Apr 2012 08:52:33 GMT
China to increase competition in financial sector
China is set to boost investments as well as competition in banking and financial sector. The country increased the amount that foreign money managers are allowed to invest in China's economy to 80 billion US Dollars. The monopoly of the state-banks has to be broken, said Wen Jiabao, China's PM. The move is also likely to stimulate growth and internationalize