Crony capitalism, Chinese style.

• Author: Jiabao, Wen
• Position: OFF THE NEWS - Quotation

Let me be frank. Our banks earn profit too I easily. Why? Because a small number of Llarge banks have a monopoly. To break the monopoly, we must allow private capital to flow into the finance sector."

--Outgoing Chinese Premier Wen Jiabao in an interview April 3, 2012, on...