Asia Sentinel

Asia Sentinel

Chancy Shopping in a New Bargain Basement

Our Correspondent
Dec 20, 2007
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It’s never easy to know what do when you win the lottery. So sympathy is due for China and the Gulf states as they attempt to put their trillion dollars of liquid assets to work more effectively than buying US government debt or high-risk bonds.

But it is fascinating to watch how they are becoming an easy touch for US financial institutions caught in a v…

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