Article

2009-03-18 China-Japan-Koreas

China inoculates itself against dollar collapse

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Posted by tipper 2009-03-18 06:43|| || Front Page|| [11131 views ] Top

#1 "Since the subprime crisis evolved into the international financial crisis in September last year, we have executed the central authorities' plans to cope with the international financial crisis and launched the emergency response mechanism. We have closely followed developments, made timely adjustments to risk management, taken decisive and forward-looking measures to evaluate and remove risks ... "

Translation - We lost a sh1tload of money.

Posted by phil_b 2009-03-18 07:09|| 2009-03-18 07:09|| Front Page Top

#2 Alternative translation:

We don't like your deficits.

Posted by Nimble Spemble 2009-03-18 07:16|| 2009-03-18 07:16|| Front Page Top

#3 They are only doing what any sane businessman or investor would do.

Posted by Besoeker 2009-03-18 07:48|| 2009-03-18 07:48|| Front Page Top

#4 America has a long and respected tradition of utterly screwing foreigners who hope to make big bucks here. After all is said and done, they will be lucky to recover $10 for every $10,000 they invest here.

Posted by Anonymoose 2009-03-18 09:38|| 2009-03-18 09:38|| Front Page Top

#5 Alternative translation:

We don't like your deficits.

I read an article the other day that said the Chinese may not like our deficits, or our stimulus package, or the colour of our hair, but there's no place else they can put their money... so they're stuck.

Posted by trailing wife 2009-03-18 11:18|| 2009-03-18 11:18|| Front Page Top

#6 China is shopping for resource projects at distressed prices- Rio Tinto, for example.

Posted by Grunter 2009-03-18 12:28|| 2009-03-18 12:28|| Front Page Top

#7 there's no place else they can put their money... so they're stuck.

For now, but the suggestion to create an IMF currency would let them ease out and spread the losses to the Euros, if adopted.

Posted by lotp 2009-03-18 13:17|| 2009-03-18 13:17|| Front Page Top

#8 Grunter: Buying distressed assets instead of Treasuries? Maybe transitioning to selling Treasuries to buy distressed assets?

Posted by Cynicism Inc 2009-03-18 13:22|| 2009-03-18 13:22|| Front Page Top

#9 ION CHINA, WORLD MILITARY FORUM > IIUC CHIN EXPERTS: US MAY SEND NUCLEAR WARSHIPS [ AEGIS, SSN, CVBG] INTO THE SOUTH CHINA SEA TO INTIMIDATE CHINA; + PHILIPPINES MAY USE PENDING US NAVAL, ARMS TRANSFERS [ 6 ex-USN Warships, Helos]TO ENFORCE SOVEREIGNTY CLAIMS AGZ CHINA ON SPRATLEYS/XISHA ISLANDS, + MALAYSIA, PHILIPPINES, AND VIETNAM REITERATE CLAIMS AGZ CHINA ON DISPUTED CHINA SEA ISLANDS.

* CHINESE MIL FORUM [paraph] > REPUBLIC OF VIETNAM LAUNCHES FORMAL PROTESTS AGZ PHILIPPINES BASELINE BILL.

Also on CMF, POSTER(S) > Iff USA truly follows its own demands per other world Nations, IT WILL SUBMIT AND ACCEPT THIRD-NATION/PARTY INTERNATIONAL ARBITRATION ON THE SOVEREIGNTY STATUS OF GUAM + HAWAII [strategic islands]. Read, PRO-CHIN/PRC POSTERS DESIRE GUAM + HAWAII, ETC. INDEPENDENT = FREE FROM THE USA [ China-Asia]!?

Posted by JosephMendiola 2009-03-18 22:37|| 2009-03-18 22:37|| Front Page Top

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