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If The US Economy Goes Down, So Does China’s

In the past few days, Henry Paulson has come up with his US$700B proposal to save the major lending institutions which made bad decisions re CDOs, with all the bad loans being covered by the US taxpayer. This is happening at a time when the US middle... ...full story at China Vortex

from China Vortex on Mon, Sep 22 2008

see also:

11 Jun 08 visit Paulson: China should let currency rise  »  YouTube videoJune 10. - U.S. Treasury Secretary Henry Paulson called on China to let its currency rise to control inflation.
07 May 09 visit Where Is China’s Surge In Bank Credit Going?  »  China Journal With 4.6 trillion yuan (nearly $675 billion) in new bank loans extended in the first quarter, it’s clear that a lot of lending has been pushed into the Chinese economy. Less clear is where exactly the money is going.
11 Mar 09 visit "No risk of deflation, loans to top 5 trillion yuan in 2009"  »  People's Daily China's financial institutions are set to issue more than 5 trillion yuan in new loans and the country will not face any risk of deflation this year, a top central bank official said yesterday. "The total lending this year will definitely exceed 5...
18 Aug 08 visit Reading Tea Leaves: China’s 2Q Monetary Report  »  China Journal China’s central bank can’t be as clear as the Fed or ECB in signaling its future policy direction in public statements, since such major decisions are made by a consensus of top political leaders. But the quarterly monetary policy report of the Peop...
12 Dec 07 visit Webcast: Exclusive interview of US Treasury Secretary Henry Paulson  »  People's Daily On Dec 11, Henry Paulson, the Treasury Secretary of US, and the Special Deputy to US President, accepted an interview from People's Daily Online. He reiterated the importance of China-US bilateral relations, saying that China-US relationshi ...
11 Jun 08 visit Around Shanghai: Stock market plummets, medical lawsuits and Expo sign-ups  »  Shanghaiist The Shanghai stock market hit its largest one-day drop in the past 12 months, prompting Newsweek to worry about China's volatile economy as U.S. Treasury Secretary Henry Paulson announced intentions for "robust engagement" aka whining about trade deficit,...

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