FOREIGN BANKS BUSINESS TO SEE ANNUAL GROWTH OF 40 PERCENT
AsiaInfo Services, January, 2000
AsiaInfo Services 01-13-2000 Foreign Banks Business to See Annual Growth of 40 Percent CHINA, January 13, AsiaPort -- According to a report by Standard Chartered, after its accession to the World Trade Organization, China will open bank market, and the business of foreign banks in China will see an annual growth rate of 40 percent on the average within ten years thereafter.
According to the agreement by China and America on China's entry into the WTO, foreign banks in China can offer RMB business service to Chinese enterprises two years later after China's accession to the organization. Copyright 2000 AsiaInfo Services (via Comtex). All rights reserved
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