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Joint Operation: Orientation of Financial Reform in China ——With Reference to Challenges to China’s Banking System after Entry into WTO
HAN Yu-jun, LI Dan
Teaching and Research
2001, (12):
12-16.
Joint operation and separate operation are two models of banking system in the world. At present, we are adopting the model of separate operation in China. As joint operation is the orientation of the banking reform in the world, the question that whether China's banking system will be affected by her entry into WTO has arisen. The author holds that in the light of the specific features of national treatment clauses in GATS, the impact of entry into WTO on our banking system is not an essential one. On the contrary, what really matters in choosing the banking system lies in our actual economic development and further progress in reform.
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