[farlander]

Erm... they don’t have that many. And, they’ve been spending their reserves through their own stimulus internally propping up all the failing businesses.

Don’t know if you remember, but before this whole mess last year all the talk was about all these BAD loans in the Chinese banking/industrial system. In other words, due to corruption et al, the Chinese central bank has been lending massive ammounts of money to all kinds of companies that weren’t really turning a profit.

[The Duke]

And, they’ve been spending their reserves through their own stimulus internally propping up all the failing businesses.

Ouch! (for China)