China buys $3bn Blackstone stake

Discussion in 'Current Affairs' started by PartTimePongo, May 21, 2007.

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  1. Continues
     
  2. I thought for a moment they were about to take over the diesel engine world.

    Seriously, though, it could be a novel and inscrutable means of waging war. Why fight Capitalism when you can buy it.
     
  3. Lets hope they can pay back their loans...


    http://english.people.com.cn/200606/27/eng20060627_277817.html :wink:
     
  4. Are you sure that's money they owe , as opposed to what they are owed?

    They do hold an awful lot of T-Bills.
     
  5. Yeah, it looks like 3/1 in their favour, interesting how this article written in Sep 2005 mentions the effect it would have on the US housing market, yet here it is 2007 and the housing market is in a downward spiral....

    Washington post

    And it doesn't help that their own debt is fairly huge...

    http://www.brillig.com/debt_clock/ :roll:
     

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