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China’s Wen urges breakup of bank monopoly as growth slows

Reuters
April 4, 2012
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China's premier called the country's big banks a monopoly that needed to be broken to get money flowing to cash-starved private firms, as the nation's economy appears to have skidded to its slowest growth in three years.
 
China's state banks make money "far too easily", state media quoted Premier Wen Jiabao as saying on Tuesday, in comments that reignited debate over the role of banking in cushioning the descent of the high-flying economy, the world's second largest.
 
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