Desertificiation in China

Historically, the Chinese have established a balance between man and nature. However, this relationship was reversed in the 20th century. Especially after the establishment of the Communist People's Republic, China has adopted many destructive and exploitative practices (Jiang, 2007). Many years of ecological abuse has brought China into an environmental crisis. Land degradation, especially desertification, is one of the most urgent and important ecological problems. In 1978, the Standing Committee of the People's Republic of China launched the Three North Shelter Belt Development Program (TNS).

9 "China's Big Four" State Bank In 1984, the commercial banking business in China was entrusted to China Agricultural Bank, China Agricultural Bank, China Industrial Bank, China Construction Bank (later China Construction Bank). Communication banks are generally considered the fifth largest state - owned bank. In 2010, there were more than 3,600 banking institutions, such as insurance companies, pension funds, asset management companies, and financial institutions other than about 800 banks in China. Financial institutions in the banking industry account for 88% of total assets of the financial industry (IMF 2011). In 2010, 379 commercial banks accounted for 80% of the total assets of the banking industry. Of the assets of commercial banks, the top five rows account for about two-thirds. Twelve joint-stock commercial banks accounted for 16%, and three policy banks accounted for 8% of total assets.

Large banks in China are also growing rapidly. According to the data of S & P Global Market Intelligence, the four key systemically important banks in China have more than tripled assets over the past decade. China Industrial and Commercial Bank (IDCBF) is the largest bank in the world and holds assets of $ 3,760 billion. This is an increase from $ 1.11 trillion at the end of 2006. Of course, not all banks have grown over the past 10 years. Citigroup (C) was one of the most difficult US banks to survive the last crisis and its assets were stable at about $ 1.9 trillion. Royal Bank of Scotland (RBS) is the largest investor in the UK Government and has contracted three quarters from its 2007 peak.

Chinese economist Wei Yao of Société Générale recently said, "Chinese banks are shocking to reduce the loss of $ 1.7 trillion." Hyaman Capital's Kyle Bass calls China an "experiment of 34 trillion US dollars", "explosive growth" experiment, the Bank of China's loss "exceeds 400% of the US bank loss during the subprime crisis There is a possibility. " With the development of this quadrant bubble, these delusions are spreading. The reason for this special risk is that in the environment of the Federal Reserve (1.25%), Canadian Bank (1.0%) and the Bank of England (0.25%), it is gradually looking like a global recession, It is that there is even a depression. The interest rate is almost zero, the European Central Bank (0.0%), the Bank of Japan (-0.10%), the Central Bank of Sweden (-0.50%), and Switzerland (-0.75%) are zero interest rates or negative interest rates.