This comes straight from the horse’s mouth, in commemoration of 30 years of Sino-U.S. diplomacy. It is all you need to know about Chimerica: what does it mean? why does it work? How does it shake the world? May I present to you this ground-breaking CNN SNN production: Chimerica …
The Elite Chinese Politics and Political Economy Blog has posted a very intelligent spoof, in the form of a letter from Listed Chinese Banks to their shareholders, to explain how China’s stimulus packages will affect their investment. Victor Shih has obviously been inspired by a 12/1/2009 Bloomberg article titled “China to Tolerate Increase in Bad Loans, Relax Lending Rules”. For some strange reasons, the Bloomberg article’s author Philip Lagerkranser replaced this article the following day with an update in which he quoted a statement from China’s banking regulator about China’s intention to strictly control the banking sector’s bad loan ratio. Lagerkranser has obviously been put under pressure at some points in time. Read the rest of this entry »
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