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

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To: CalculatedRisk who wrote (26337)	3/25/2005 6:50:59 PM
From: RealMuLan	Read Replies (2) of 116555

I saw Russ (winter) posted this, not sure he is the same Russ here or not<g>: roubiniglobal.com "2. USD reserves are mobilized to shore up CCB's capital and write off the many bad loans?" He perhaps missed that late last year, China already used $22.5 billion of its foreign reserve to write off the majority of the bad debt for CCB. So as the end of 2004, only 3.7% of its asset is bad debt, its capital sufficient rate is 9.39%, which has been close to the international standard.

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