the lack of transparency is clearly illustrated by cbrc head offices decision not to approve a number of cny branch applications of foreign banks arguing that applicants had accumulated losses in their balance sheets
中国银监会总部决定不批准多家外资银行设立分行的申请,理由是这些银行的资产负债表累积了亏损,这清楚地说明了中国缺乏透明度
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