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Global Financial Crisis Has Become China’s Playground
BEIJING, The People’s Republic of China – For the debt-ridden West, the global financial crisis has been an unmitigated disaster, forcing the so-called developed economies to take on financial commitments that will serve as burdens for years, if not for generations.
For cash-rich China, however, the financial crisis is shaping up to be a major opportunity, with payoffs that will last for decades.
You want proof? The China Council for the Promotion of International Trade (CCPIT) has spent the past four months surveying businesses about the effects of the worldwide credit crisis. And its findings are both fascinating – and instructive. According…
1May2009 | Money Morning | 0 comments | Continued
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