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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (2108)12/19/2003 9:50:13 AM
From: RealMuLan  Read Replies (2) of 6370
 
PART 3: Banks menaced
By Miao Ye

Part 1:
Investing in misery
Part 2:
Crooks line their pockets

HONG KONG - China's property problem is at least partly China's banking problem, and vice versa. As the real estate sector has continued to grow in 2003, so have non-performing loans (NPLs). And not for nothing is the popularity of the old cliche that when you owe the bank a little money, you are the bank's hostage, but when you owe the bank a lot of money, the bank is your hostage.
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atimes.com
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