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This openess for sure must be credited to the pressure of WTO.
The watchdog is really hunting down the banks to get rid of the non-performing loans. And one can feel the difference in daily life as now every chinese is entitelt to take a loan to buy property. An impossible thing in the past as private ownership was banned by the "party"!
So more and more people will take loans bringing the ratio of the non-performing loans rapidly down.
In addition more and more regions are allowing Credit Cards to be issued. Another thing that was impossible not long ago.

We will see much more good news coming out of China.

rgds
Ganni
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