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[Yahoo] AP Wall Street opens higher after China's $586B stimulus package

Discussion in 'BBS Hangout: Debate & Discussion' started by Air Langhi, Nov 10, 2008.

  1. Air Langhi

    Air Langhi Contributing Member

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    I wonder what they mean by looser credit policies. I hope they learned something from the US. In three years it might be good to short Chinese sub prime banks.
     
  2. deepblue

    deepblue Member

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    They don't have a sub prime problem, don't really even have any structured mortgage product, most banks keep loans on their books, not a lot of leverage. China's financial system is still years behind.
     

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