The East eats away at the West's economic might

摘要

There can be no more dramatic illustra- tion of the transfer of economic power from west to east than the headline results from this year's Top 1000 World Bank Ranking. Chinese banks have now secured three places in the lop 10 (up from one last year), while UK banks have only two (down from three) with Royal Bank of Scotland clinging on in 10th spot, down from fourth last year.i