EU is presently holding consultations on a document which, among others, seeks to ensure facilities of consumers’ access to basic bank accounts, including a provision which allows switch over of the bank account providers, including on a cross-border mode. Thus, across the globe, the provision of a basic banking account for the consumer is considered a right.
Those sceptics who have doubted China’s commitment to the open door policy no longer can have such doubts after witnessing the implementation of our economic reforms and its achievements.