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About 70 percent of the capital these banks use originates from their home countries’ (Ruogu). The presence of foreign institutions has also increased competition in the domestic market, forcing China’s institutions to become more efficient (Ito). Thus, the influx of wealth, human capital, and technology has contributed to China’s economic growth by relocating financial resources to China and promoting efficiency...
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Thus, the influx of wealth, human capital, and technology has contributed to China’s economic growth by relocating financial resources to China and promoting efficiency.
The financial reform has improved China’s economic condition for the past 28 years. By means of monetary policy, efficient allocation of capital, and “opening up†of its financial market, the country has been become the fourth largest economy in the world (Bradsher)...
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