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china: news and opinion

Samah El-Shahat, Al Jazeera’s resident economist: “China puts people before banks”

It was not that long ago the “Western” media constantly talked about how insolvant many of China’s banks were, and that they were choked full of bad loans. Obviously, the irony of it was they were talking about their own banks! There... ...full story at Blogging For China

from Blogging For China on Fri, Aug 14 2009

see also:

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31 Aug 09 visit Don’t bank on mortgage spike  »  Countdown to Beijing Chinese banks actively pursue mortgages as they are seen as quality long-term loans. Such loans have surged recently but they will not have a big impact on banks' earnings since they still only account for a small portion of total loans.
27 Feb 09 visit The Economist Pwned by China!  »  Sinosplice Waxy.org has an interesting article called Translating “The Economist” Behind China’s Great Firewall. It tells how underground online organization the Eco Team translates every Economist article into Chinese and puts it online. The...
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27 May 08 visit Banks Ordered to Lend a Helping Hand  »  China Journal (AP photo) Under the central government’s direction, China’s banks are set to play an important role in the post-quake recovery efforts in Sichuan province. In addition to making special loans to the quake-hit areas for reconstruction,...
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