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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (348968)	8/29/2007 3:12:11 PM
From: combjelly	Read Replies (1) \| Respond to of 1578423

"One thing is clear you can't be doing what they are doing without huge cash reserves." Not strictly true. Their banking system is not regulated. So, if you have personal connections, getting a loan is a snap. And that is driving a lot of their building boom. So, no matter how hare-brained the project is, it can be built if the builder knows the right people. Frankly, I don't see how China can avoid a banking crisis like Japan went through. Except on steroids. And, given the precarious economic position that the US is in, it cannot avoid being sucked down with them.