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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: RealMuLan	11/22/2004 2:20:41 PM
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Don’t believe the latest scare story about China By Arthur Kroeber, managing editor of the China Economic Quarterly Published: November 22 2004 04:20 \| Last updated: November 22 2004 04:20 The latest China scare story is that depositors are fleeing the state banking system and putting their money into the higher-yielding informal financial system. This makes it impossible for Beijing to slow down an overheated economy, and puts the fragile state banking system at risk. Don’t believe it. ... news.ft.com

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