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Thread: China State Investment Company suffers a heavy loss
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[quote=APAULT,256427]The cost to China of this loss is insignificant - though of course it would have been better if it had not occurred. In any portfolio of share ownership or business investment there may be some thet go the wrong way. Overall, China Inc is way ahead (in profit). No, the USA cannot buy itself out of trouble with interest rate changes. It is a case of 'rearranging the deck chairs on the Titanic'. It has fundamenta structural problems, economic, political, and social. Until it gets leadership that is willing to address these issues it will continue to slide. The chances of that happening are about the same as China winning no gold medals in the Beijing Olympics![/quote]
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