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Go east.(Letter to the Editor)

By Cassell, Merrill
Publication: Financial Management (UK)
Date: Monday, December 1 2003

Your special issue on Asia (October) was great. China and India's progress has been remarkable and professionals from these countries equal the best in the world.

China's relationship with the western world is now entering a challenging phase. It must now make it easier for the rest of the world to do business with it. State interference is a major problem. The banking system in China needs to be revitalised. The ratio of bad bank loans to total bank loans is high and some international experts think that the country's current banking systems could lead to a financial

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