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Before China's entry into the World Trade Organization there were significant limitations on the scope of foreign businesses. As a result, Citibank was only permitted to participate in limited corporate banking services and in limited Chinese cities. Since China's membership into the World Trade Organization, many of these limitations have slowly begun to diminish; nevertheless Citibank and other foreign banks must manage within the existing regulations.
Argument #1: Citigroup has NOT displayed adaptability to expand China operations
Some of Citigroup's business actions could seem to show their lack of adaptability to expand their operations within China...
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