In 1978, China had only one bank. This acted both as the central bank and the commercial bank, but today there are six commercial banks, a few regional banks, and urban and rural credit co-operations, as well as the central bank. The further reform in China's financial system is still in progress. Before 1978, there were no advertisements in China, but today advertisements are part of the daily life of China's masses. There are advertising agencies in every province or big city, and television commercials, billboards, newspaper and magazine advertisements can be seen everywhere. The traditional Chinese distribution.
