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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

China stays quiet amid talk of new financial order

Posted on 28 October 2008

From Reuters: Just as it was never realistic to think China could single-handedly save the world economy, it’s probably wise to tone down any expectations that Beijing somehow holds the key to a new international financial order.

Premier Wen Jiabao promised after talks among 43 Asian and European Union countries that China would actively participate in a November 15 summit that U.S. President George W. Bush is convening to rake over the global credit crisis. China, which keeps its own markets on a tight leash, will presumably support any drive to keep a better check on new-fangled financial instruments and cross-border money flows….. Full Article: Source


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