Since that forlorn cry, China has undergone a dramatic social and economic transformation.

ECONOMIST: Banyan

It is a nice business, but a far cry from the dreams some Westerners once had about China.

ECONOMIST: Buying a stake in China Inc is no shortcut to market share

For example, KPMG now tracks statistics for 153 banks in China, which is up from 21 in 2006, but a far cry from the 7, 622 banks that operate in the United States.

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