Banks Make $35.8 billion
Submitted by Bill Belew on Sunday, 7 October 2007No Comment
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I remember one of those “coming collapse of China” prognosis specifically cite non-performing loan and collapsing banks as one of the imminent danger that would destroy China. So guess from this we can assume one such doomsday scenerio has been averted?
“And, why can’t they lend money at a lower interest rate?”
Urgh I think China is actually RAISING rates to cool the economy.
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