Friday, Jun 29, 2007
Banks in China Get a Caning
TIMES UK BUSINESS: BUSINESS ARTICLE
Well, I didn't know that you could actually prevent the meltdown of your economy through speculation!
Gordon Brown take note - a cautious lesson to adopt over here?
Posted by orwell @ 08:14 AM (36 views) Add Comment
1 Comment
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1. sold 2 rent 1 said...
The simple fact is that China's interest rate is too low.
The Chinese Government is doing everything it can to stop a bubble except the one thing it needs to do - raise interest rates much higher and faster.