OREANDA-NEWS. June 11, 2009. The Analytics Unlimited club holds a round table on China’s banking system and influence of China’s economy on the Russian Federation’s economic development

On June 4, 2009, the Analytics Unlimited International Bank Club held a round table to discuss China’s banking system and the influence of China’s economy on the economic development of the Russian Federation.

The Club’s round table participants were addressed by Igor Titlin, Vice President of the Industrial and Commercial Bank of China (Moscow commercial bank), and Oleg Danilin, Head of Ernst & Young’s Consulting Group on Financial Markets and Treasury Operations (CIS).

The round table participants surveyed the structure of China’s banking system, dynamics of the country’s economic development, and its influence on economic development in Russia. In particular, Oleg Danilin noted that China’s economy had grown 14-fold since 1979, and continues to grow, the crisis notwithstanding. In Mr. Danilin’s view, Russian banks and business companies are to pay more attention to the practices of Chinese business, study its specifics, and use its experience in Russia’s environment.

The round table was attended by over 50 leading banking experts, representatives of Russia’s State Duma, the Association of Russian Banks, the Association “Russia”, the Russian Union of Industrialists and Entrepreneurs, academics, and media people.