Ｂａｎｋｉｎｇ ｏｎ Ｒｅｆｏｒｍ ｉｎ ｔｈｅ Ｒｉｓｉｎｇ Ｃｈｉｎａ

About six years ago when China first entered the WTO and agreed to open up its retail banking market after a period of five years， many overseas me-dia organizations held a pessimistic outlook that China's banking. industrywas headed towards bankruptcy. However， through effective adjustment and reform，China has edged into the advanced ranks of the banking world through some hugedevelopments in its banking system.

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