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Thread: Don't expect China to save the world from the financial crisis!
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[quote=FRANKENSTEIN,329971]Jimmy has started a thread to talk about if China will help US out of the financial crisis. Now I have found another news and I think you shouldn't miss it. According to the article, China won't save the world from the financial crisis. As you know, China has a large amount of foreign reserves and wealth fund and it has said that it is willing to do investment on Wall Street. However, it still keeps silence about if it will give a hand or not. At the same time, Andy Rothman, CLSA's chief China economist, said "there is simply no way that the Chinese Communist Party can restore confidence in American and European credit markets and there is no step that Beijing policy-makers can take to solve the liquidity problem in western banking systems." Source: Times. Here is the orginal article: http://business.timesonline.co.uk/tol/business/economics/article4912632.ece So what's your reaction to this article?[/quote]
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