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Thread: How far will RMB go?
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[quote=MARRIE,269544]Chinese Govt has 10% holdings of non-voting equity of Blackstone and Blackstone who has large stake on collapsing realeste. Blackstone deal is part of baigaining chip in intense economic relationship between sino-US. Steven Schwarzman, founder of Blackstone and Bush's Yale mate, raised funds for Republicans last year. Besides, Cn govt sufferred losses from US treasuries investment due to US economic downturn. Now i think they are looking at Euro market.[/quote]
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