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Q&A Beattie / Dewoskin / China / Economy

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The International Business Times Reports That A Big Financial Migration Is Underway In China, As People Deposit Their Money Increasingly In Online Investment Products, Where They Enjoy Instant Access To Their Funds, No Minimum Deposit Requirements And Receive Much Higher Interest Rates Than Traditional Banks. Ken Dewoskin, Director Of The China Research And Insight Center For International Consultancy Deloitte, Speaking From Shanghai With VOA's Victor Beattie, Says This All Came About As The Result Of Reform About Two Years Ago Allowing Non-State Businesses To Start Third-Party Payment Systems ... (Act / Dewoskin #1) Dewoskin Foresees Some Form Of Regulatory Restraints On Online Banking On Such Things As The Reserves They Are Required To Keep On Hand, And May Result In Fewer Services Offered. He Says, While Online Financial Services Are Growing Rapidly Now, Ther Are Reasons To Suspect That It Is Unsustainable Given Market Forces, As Well As The Potential For Greater Regulation. For The Time Being, However, Dewoskin Says E-Commerce In China Remains A Growing Phenomenon ... (Act / Dewoskin #2)