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Facts about bank: China, as discussed in China: Year In Review 2010:

...overtook Japan in 2010 to become the world’s second largest economy as annual GDP growth exceeded 10%. Its economic strength translated into increasing financial clout. Just as Japanese banks were the world’s biggest in the 1980s, by 2010 half of the world’s 10 largest banks—including the two biggest—were Chinese. Chinese businesses also increased overseas investments....
Related Topics
  • bank (finance) an institution that deals in money and its substitutes and provides other money-related services. In its role as a financial intermediary , a bank accepts deposits and makes loans. It derives a profit from the difference between the costs (including interest payments) of attracting and servicing...
  • banking (finance)
  • central bank institution, such as the Bank of England , the U.S. Federal Reserve System , or the Bank of Japan , that is charged with regulating the size of a nation’s money supply, the availability and cost of credit , and the foreign-exchange value of its currency. Regulation of the availability and...
  • commercial bank bank with the power to make loans that, at least in part, eventually become new demand deposits. Because a commercial bank is required to hold only a fraction of its deposits as reserves, it can use some of the money on deposit to extend loans. When a borrower receives a loan, his checking account...
  • credit union credit cooperative formed by an organized group of people with some common bond who, in effect, save their money together and make low-cost loans to each other. The loans are usually short-term consumer loans, mainly for automobiles, household needs, medical debts, and emergencies. In...
  • development bank (economics) national or regional financial institution designed to provide medium- and long-term capital for productive investment, often accompanied by technical assistance , in poor countries.
  • economy (society)
  • investment bank firm that originates, underwrites, and distributes new security issues of corporations and government agencies . Unlike a savings bank , an investment bank is a commercial bank that does not accept deposits. The investment (or merchant) banking house operates by purchasing all of the new security...
  • native bank (Chinese history)
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