CCB ( China Construction Bank) embodies the paradox of many emerging-market banks. It is huge and has grown phenomenally quickly, but the demands placed on it at home are also huge. Last year it expanded its loan book by 27%. The industry as a whole grew even faster, by 32%, partly thanks to the leading role the banks played in the government's economic stimulus. New loans made in China were equivalent to almost a third of GDP. Roy Ramos,
an analyst at Goldman Sachs, points out that in less than ten months China
added the equivalent of India's banking industry twice over...........
(from Economist, 13.5.2010)
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