In the U.S., government has become too closely aligned with the financial industry and its interests, and in China, the party exercises dominance and control of the economy through state-owned enterprises, many of which have become dependent on real estate speculation to be profitable.

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They, therefore, confine themselves into routine and predictable business, simply collecting deposits and financing government decided real estate projects and State Owned Enterprises (SOEs)-providing the fuel for the next bubble, rather than searching for creditworthy borrowers.

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