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To: zebra4o1 who wrote (61853)5/24/2006 10:23:22 AM
From: russwinter  Respond to of 110194
 
a branch of the government used for massive Keynesian stimulus (and political favors).>

This is a good read. Yes, crony capitalism, and given the dominance and apparent acceptance of Ponzi finance (financial institutions make bogus or bad loans and are supposedly bailed out) worldwide, all kinds of suckers are willing to buy into this one and without question.



To: zebra4o1 who wrote (61853)5/24/2006 10:52:04 AM
From: GST  Read Replies (1) | Respond to of 110194
 
<China’s capacity to reorient its economy to rely more on domestic consumption will likely be put to the test at some point – along with the ability of its still developing
financial system to manage the transition.>

This is the most telling issue for China, and it is the last paragraph of the report you posted.



To: zebra4o1 who wrote (61853)5/24/2006 3:46:39 PM
From: RealMuLan  Read Replies (2) | Respond to of 110194
 
>>Who are these 'investors'?<<

"It is NO Brainer. BoC stocks is the one every fund wants to have in their portfolio." Quoted from an analyst

"Facing huge demand for IPO, Bank of China prints extra one million subscription forms
14:48:56 EDT May 22, 2006 "
cbc.ca

And BTW, as much as it is hard to comprehend for a lot of Americans, China's capitalism is NO MORE crony than the US capitalism. Actually, it may be a little better on the top, since at least the head of the State and the national major leading body are NOT yet in Rich men's pocket! They still have poor people's interest on their plate, in their mind!