1-5% of the population is psychopaths, without any emotions, who willing to do whatever it needs to achieve that he / she wants, regardless of anything.
The lawbooks exist mainly due to them.
They usually gravitate to the highest level of positions in every county, like politician , doctors, policeman, high managers.
Means that if there is an opportunity, or bad oversight in any country then they will use it up.
And I am sure about that the Chinese banking system has a lot more mark-to-fantasy loans than anyone experienced during the 2000s in the USA.
Again, transparency, information, quality and quantity of data.
All the more reason why it is a self-defeating crisis when a country such as the US, a lynchpin of the international financial system, allows people and organizations who committed deplorable things against the public good of the country and the world to practically get away scot free, not to mention continue catering to them and their schemes. This is independent of the nature of psychopaths or how other countries compare.