China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1915)	12/11/2003 2:43:44 PM
From: RealMuLan	Read Replies (1) of 6370

hChina to Bail Out Banks Thursday, December 11, 2003; Page E02 China, which spent $33 billion five years ago bailing out its four largest banks, said it will inject more money into them within six months to help reduce bad loans it estimates constitute more than a fifth of total lending. Industrial & Commercial Bank of China, the nation's biggest lender, and its three closest rivals control about $1.7 trillion of assets and account for 70 percent of all lending in China. The bailout will cut bad loans estimated by the government at $500 billion. ttp://www.washingtonpost.com/wp-dyn/articles/A54770-2003Dec10.html

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