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agreedThis doesn't happen in China, and thus the internal culture of banks is entirely not equipped to manage risk. That doesn't just mean having too much risk, it can also mean being too risk averse, and thus be both risky but at the same time not make much money.The short version is that capitalism needs bankruptcy the same way Christianity needs hell.
agreed
This doesn't happen in China, and thus the internal culture of banks is entirely not equipped to manage risk. That doesn't just mean having too much risk, it can also mean being too risk averse, and thus be both risky but at the same time not make much money.
The short version is that capitalism needs bankruptcy the same way Christianity needs hell.
I totally agreed. China will learn and improve.
For Chinese people, we must have faith in China. No matter how, or where we live...we can't change history and we can't change our root. What we can do is to make improvement. We help to improve international relations, peace, economy and prosperity with our friends.
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