Mish's Global Economic Trend Analysis Message Board

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

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To: John Vosilla who wrote (50450)	5/3/2006 1:26:33 AM
From: RealMuLan	Read Replies (1) of 116555

>>Chinese state run banking system is basically insolvent.<< Not true any more. The bad loan has declined plenty for the big 4 State banks of China (one already IPOed in HK stock market, and another two soon to follow later this year), and the profit is up a lot too. Nasdaq really wants all 4 of them IPO here in the US, China does not consider it now. Most of bad debt of the Chinese state banks are actually the subsidy for SOEs. So they do serve the purpose to maintain the social stability, believe it or not.

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