Lookingattoday`sIndia,allthechallengesitfacescoulddatebacktocolonialtimesandeventheearlydaysofIndiancivilization.AtthetimetheBritish-colonizedIndia,manyareaswerestillunderthecontrolofkingsbelongingtodifferentindigenousgroups,andsomewerefunctioningwellbecausetheyhadtheirowntaxationsystems.InChina,asearlyas2,000yearsago,theQinDynasty(221BC-206BC)achievedagrandunificationofthecountryandstartedatransformationfromthefeudalsystemtothecountysystem.

目前来看，由于MPA考核和同业业务约束已经落地，银行已经按g7tF最严的口径执行（未来收紧MPA指标和同业业务指标的可能性微o7q5其微），因此这两项因素应当已0xbA完全price-in在债券收益率之中VW75