The Difference Between Chinese Banks and American Banks
Aggregated Source: China Venture News
September 19, 2008|
What is the difference between a Chinese bank and an American bank? A Chinese bank has money...
Okay, I stole that joke from Richard Brubaker over at All Roads Lead to China. He goes on to point out that China's yuan RMB is the currency that supports both US and Chinese banks (I guess since China buys so many treasury notes).
And he points out the irony that five years ago American banks were bemoaning the fact that 20-30% the loans at Chinese banks were non-performing.
Life's funny...
© Aaron.huo
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Copyright China Venture News
Okay, I stole that joke from Richard Brubaker over at All Roads Lead to China. He goes on to point out that China's yuan RMB is the currency that supports both US and Chinese banks (I guess since China buys so many treasury notes).
And he points out the irony that five years ago American banks were bemoaning the fact that 20-30% the loans at Chinese banks were non-performing.
Life's funny...
© Aaron.huo
See full article.
Related Entries:
Tyra Banks in a $50 000 outfit - 28 August 2006
Banks play the accounting shell game - 20 May 2008
Banks want to change accounting rules - 22 May 2008
Banks: trouble ahead - 27 August 2008
Contents of this feed are a property of Creative Weblogging Limited and are protected by copyright laws. Violations will be prosecuted. Please email us if you'd like to use this feed for non-commercial activities at feeds - at - creative-weblogging.com.
Original URL: Click here to visit original article
Copyright China Venture News
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