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While India’s mega-companies are only experiencing the beginning of Beijing’s accommodating bank policy, Brazil and Russia seem to have grown accustomed to Chinese money. Before they meet in New Delhi for the 2012 BRICS summit, it’s important to remember that China’s loans come with strings attached.
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Over the past decade, emerging markets that have liberalized are far more open to foreign banks in their markets than are developed economies. A Gateway House study of financial services in 11 countries: four BRIC countries, one emerging market, four developed economies and two developing markets.