Saturday, May 28, 2016

World’s largest banking center isn’t in the U.S. or Europe, but in China

A new report came out on the recent rankings from S&P Global Market Intelligence that shows that China not only has the world’s largest individual bank, but with four of the top 10 financial institutions on the list they are also the world’s largest banking center.
The U.S. came in with only two banks in the top 10.
What is also interesting is that China is considered the world’s largest production economy, easily bigger than both the Eurozone and the U.S., who both rely upon consumption to hold their spots on top in global GDP.
chinadollar

0 comments:

Post a Comment