China will become global banking leader by 2023, says PwC – The Economic Times   Leave a comment

“According to a report published by consultants PricewaterhouseCoopers (PwC) on Friday, India is expected to leapfrog Japan to rank three in terms of domestic banking by 2035 and could pass China as its population rapidly ages.

PwC’s chief economist John Hawksworth urged current banking leaders, whose power has been sapped by the credit crisis, to heed the accelerating shift in global economic power and claim a share of emerging markets’ relatively unbanked populations.”

via China will become global banking leader by 2023, says PwC – The Economic Times.

The business shift to the E7 from the G7 has great implications for capital and power. 

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Posted June 3, 2011 by arnoneumann in banking

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