Exact(3)
Isolated from the "global economy," these regional cities are lacking two major ingredients in the recipe for capitalism: a trustworthy banking system and a consumer culture.
To build a modern economy, China has to break up state-owned monopolies, encourage more consumer spending, create a trustworthy banking sector and reduce reliance on investment in real estate and heavy industry.
3. Economic stability through a secure and trustworthy banking and monetary system.
Similar(57)
We need trustworthy banks.
Like other small businessmen, they also want the chance to borrow money from a trustworthy bank.
If consumers had an easy way to assess whether banks were engaged in trustworthy behavior, and a significant number of consumers moved their money to those trustworthy banks, it is likely that banks would fall into line and engage in less risky practices.
The problem was that the farther away from a bank you got, the less recognizable (and therefore the less trustworthy) a bank's note was to people.
Trustworthy, safer banks born of the Information Age have yet to emerge.
With few exceptions, come-ons from financial institutions — to regular Joes and rich investors alike — stopped emphasizing how measured and trustworthy the banks were.
They argue that fast-growing emerging economies, with underdeveloped financial markets, have not been able to create enough trustworthy instruments (bank deposits, bonds and so on) to absorb their high savings.
The feckless leaders of Europe concede they can't run trustworthy central banks.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com