China Is Trying to Clean Up Its Banks. It’s Messy.
“In the past few years, some banks have expanded blindly,” said Yi Gang, the governor of the People’s Bank of China, China’s central bank, in September. Many of them also played tricks with their accounting, said Xiaoxi Zhang, who scours the financial statements of hundreds of small banks across China for Gavekal Dragonomics, an economic […]
China Is Trying to Clean Up Its Banks. It’s Messy. Read More »