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This includes authorities planning bodies like the National Development Reform Commission and the Ministry of Finance, each of which had fathered the strategy of export-led industrialization; export-oriented state and non-public enterprises; native government and Communist Party bodies within the coastal provinces; and state-owned development companies whose infrastructure initiatives undergird the export-led strategy. Standing like a beacon of stability, responsiveness and profitability is the 98 year-old, state-owned Bank of North Dakota (BND). Coalition organizers say a California State Financial institution will lower the state's long-term financing prices in half, in comparison with what avaricious Wall Road is charging. The bonds of municipalities are are additionally hit with staggering fees and public assets like highways and public drinking water programs are corporatized by Goldman Sachs and other privatizers with sweetheart multi-decade leases. 68% of the public have an unfavorable opinion of large banks. A longtime backer of public banking, retired entrepreneur Richard Mazess, hopes that nationwide civic groups like Public Citizen, Common Cause, People for the American Way and Consumer Watchdog can get behind the proposal.
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