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This is the first time I can recall hearing of unemployment in the urban areas of China. Also interesting that you are telling of bankruptcy as well among exporters! Who would have known?
Aug 04 22:12 pm
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All Comments by johnthebear »Underground Lending in China Exceeds RMB 10 Trillion [View article]
Wait till the talking heads hear that things are not so great in China and BRIC?
They sure will be so surprised since China is the only safe investment or parking place for their clients wealth while US markets are tanking in a bear market. Do you think they understand China is also in a bear market?
Thanks Michael for your articles, always helpful.