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To: Earlie who wrote (187040)	8/10/2002 10:09:43 PM
From: stan_hughes	Respond to of 436258

Earlie - About those Chinese banking problems: FWIW, from the July 24, 2002 issue of Australia's Business in Asia Today - CHINESE BANKS' PROFITABILITY IMPROVES IN H1 BEIJING - Half-year reports from China's commercial banks show that the overall profitability of the banking industry is improving steadily, which has helped banks absorb their accumulated financial burden and improve asset quality. According to the reports, nearly all commercial banks achieved double-digit growth in their operating profits during the first half of this year. Of the four state-owned commercial banks, the Bank of China [BOC] realized a paper profit of 7.025 billion yuan (US$849.46 million) and an operating profit of 21.35 billion yuan (about US$2.58 billion). The half-year paper profit for the Industrial and Commercial Bank of China [ICBC] was 3.775 billion yuan (US$456.47 million), up 20 per cent.

To: Earlie who wrote (187040)	8/11/2002 2:16:28 AM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Did we bail out Brazil or did we bail out C and JPM at taxpayer expense? If the latter, we may as well just handed the money over to C and JPM cause Brazil is going to default. We will NEVER see that principal back IMO. M