That is not at all what china does. China has a huge banking sector, much bigger than the US. And no ... almost all of those banks are independent of the centra

That is not at all what china does. China has a huge banking sector, much bigger than the US. And no ... almost all of those banks are independent of the central bank. US and Chinese systems are very similar. Europe is a bit different. England, spain, italy, don't really have the large number of small and mid sized banks that the US or China does (germany does have many small banks however... noticing a trend? small(er)/more banks = industrial might). And ECB is obviously in a bit of a different spot than the Fed or Chinese central bank since they control the currency for disparate countries.