ST Alpha - "It had a lot to do with China's relentless growth as well, and it has a banking system quite similar to Canada's" (Reading a Post)

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In response to "how weird, I just researched this last week, after a conversation with one of my sisters." by b.

It had a lot to do with China's relentless growth as well, and it has a banking system quite similar to Canada's

Posted by Roger More (aka RogerMore) Aug 30 '10, 17:12

Basically the government says to the big four banks "We'll allow you to run an oligopoly that will earn you steady profits, but don't get too greedy or buy each other or we'll allow greater competition"

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yeah, shipping resources to China is what saved Australia. -- nm - mafic Aug 30, 17:16 1
- I read something about mining being a good contributor. -- nm - b. Aug 30, 17:21

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It had a lot to do with China's relentless growth as well, and it has a banking system quite similar to Canada's

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