An obscure ZIM in Africa traded Down Under Message Board

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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under

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To: TobagoJack who wrote (473)	11/9/2002 7:51:52 PM
From: Snowshoe	Read Replies (1) of 867

We will see how wrong WSJ continues to be Jay, are the following sources cited by the WSJ wrong? Or are they being misquoted by the WSJ? "China's central bank said recently that 25% to 30% of bank loans were not being repaid. The amount of nonperforming loans (NPLs) held by China's banks is believed to represent anywhere from 25% to 50% of China's annual economic output, compared with 8% to 10% for Japan. An exhaustive, 125-page report on China's banks by Hong Kong-based brokers CLSA Emerging Markets puts the figure at around $450 billion, or 37% of gross domestic product in 2001. And the Hong Kong office of Standard & Poor's goes a step further, saying as many as half of all loans held by the banks could be classified as nonperforming."

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