By: D.K Choudhary

China overtakes eurozone as world’s biggest bank system
i. According to the Financial Times shows latest analysis, China’s banking system has overtaken the b to become the world’s biggest by assets.
ii. China’s GDP surpassed the EU’s in 2011 at market exchange rates, but its banking system did not take over the top spot until 2016.
iii. The value of China’s banking system is more than 3.1 times the size of the country’s annual economic output, compared with 2.8 times for the eurozone and its banks
Top 3 Assets countries at the end of 2016:
1.Chinese bank assets hit $33 trillion  against $31 trillion for the eurozone.
2.US assets at $16 trillion
3.Japan assets at $7 trillion.

About D.K Chaudhary

Polityadda the Vision does not only “train” candidates for the Civil Services, it makes them effective members of a Knowledge Community. Polityadda the Vision enrolls candidates possessing the necessary potential to compete at the Civil Services Examination. It organizes them in the form of a fraternity striving to achieve success in the Civil Services Exam. Content Publish By D.K. Chaudhary

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