Great Wall Street

THERE is no more potent symbol of the relative decline of Western finance than the revolution in Chinese banking over the past decade. While American and European banks have been busy blowing up, China’s have been transformed from communist bureaucracies crippled by bad debts into something resembling world beaters.

http://www.economist.com/node/16541609?story_id=16541609&CFID=136001590&CFTOKEN=33004485