financial crisis

www.telegraph.co.uk — In the week that the head of Europe's bail-out fund flew to Beijing to ask China's financial mandarins to invest further in Europe's stability bonds, it's worth pausing to consider quite how cosseted Europe can appear to even well-travelled Chinese minds.

foreignpolicyblogs.com — A lot has been said by the major western news sources (WSJ, Bloomberg, FT, NY Times) about China’s reaction to the downgrade of the U.S. creditworthiness.

blogs.wsj.com — Former Fed Chairman Paul Volcker recently took China to task for its critical comments about the U.S. dollar. Arvind Subramanian, a senior fellow at the Peterson Institute and senior research professor at Johns Hopkins University, goes even further saying Beijing is reaping the benefits of a mercantilist strategy while trying to avoid the costs.

www.pekingduck.org — From Richard at the Peking Duck: 'What is significant to me is the tone of the dialogue on both sides (“The consensus reflects the expectation from people from the two sides and will have an active influence over the policy- making of the governments of both sides,” said Jia Qinglin, a Chinese Communist Party Politburo member.”) You would never have read an article like this just a year or t

unclechina.org — While Chinese officials are ridiculing the West for their financial irresponsibility they conveniently forget to mention that they are currently in default on $260 billion of government bonds purchased by Americans alone. Uncle China points out that China's state-owned enterprises are omitting these facts when they list on US capital markets.