China's "Banks" --Finally Becoming Real BANKS?

China Rethinks Safety Net for Its Banking System from the New York Times 
"When the United States started insuring customer deposits, the government wanted to instill faith in the country’s financial system, which had been broken by a string of bank runs and failures during the Great Depression. China wants to do the opposite. With the introduction of deposit insurance on Friday, Beijing is looking to shake the public’s faith, namely the long-held belief that the government will bail out troubled banks. In short, China is trying to introduce risk into the system."