1. People's Bank of China
Local governments in China were very corrupt and had their way with local banks but with a centralized system moving in, that problem was eliminated. ... One very important area of success was in the problem loan department. They managed to cut problem loans to about 10 percent of outstanding loans by August, 2000. ... There is still the issue of problem loans that is almost complete, and this never would've happened without the Chinese government stepping in and writing off bad debt. ... People throughout China will be affected by this overhaul as it boosts their economy and brings m...
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