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China Pulls The Rug From Under Europe, Halts French Bank Transactions, M
. e ohedge.com)
F ench Bank T an ac ion , Make Good On T ade Wa Ul ima m
China P ll The R g F om Unde E ope, Hal F ench Bank T an ac ion , Make Good On T ade Wa Ul ima m
B T ler Durden C ea ed 09/19/2011 - 23:20
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S bmi ed b T le D den [1] on 09/19/2011 23:20 -0400 China [2] Fi ch [3] headline [8] T ade Wa [9] Vola ili [10]
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A fl of headline o of China gge global mac o-economic ola ili ma be ead o ake i o he ne le el. We di c ed la eek [11] ho China' oh- o-gene o offe of help o E ope a me el a eiled h ea pla ing US again E ope in a game of ho-ge - hef nding. Well, onigh , i eem , he a e making good on ome of ho e h ea . Agg a a ed b EU' lack of ma ke econom ecogni ion, he p ll ading line i h F ench bank , e p e conce n a he EUR' afe (p efe ing US T ea ie ), and indica e a clea p efe ence fo bond o e ock - all he hile a ning of g o ing ade en ion con ide he ab e- a led. Ini ial commen f om Comme ce Mini e Shen ia Bloombe g:
*CHINA DISAPPOINTED EU HASN'T RECOGNI ED MARKET ECONOM STATUS *CHINA MARKET ECONOMY STATUS IS POLITICAL DECISION, SHEN SAYS *CHINA MARKET ECONOMY STATUS NOT TECHNICAL ISSUE, SHEN SAYS *CHINA'S HELP TO EUROPE, MARKET STATUS HAVE NO DIRECT CONNECTION
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9/24/11
China Pulls The Rug From Under Europe, Halts French Bank Transactions, M
*MOFCOM'S SHEN: EU DEBT CRISIS MAY RAISE CHINA TRADE FRICTION *CHINA MOFCOM IS CONDUCTING REVIEW OF NESTLE-HSU FU CHI DEAL
A big ma ke -making a e bank in China' on ho e fo eign e change ma ke ha opped fo eign e change fo a d and ap ading i h e e al E opean bank d e o he nfolding deb c i i in E ope, two sources told Reuters on Tuesda .
The E opean bank incl de F ench lende Ag icole and BNP Pa iba .
And the piece-de-resistance of the night was, again from Reuters [13] :
China, he la ge fo eign holde of U.S. go e nmen deb , ill keep b ing U.S. T ea ie , the official People's Dail , the ruling Communist Part 's mouthpiece reported on Tuesda , citing government researchers.
In an article about the reasons for China's increased purchase of U.S. Treasuries, the newspaper cited Yan Xiaona, a researcher with the Chinese Academ of Social Sciences, as sa ing that he dolla "i ela i el afe han he e o" beca e of he nfolding o e eign deb c i i in E ope.
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9/24/11
China Pulls The Rug From Under Europe, Halts French Bank Transactions, M
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Wang Chaocai, a Ministry of Finance researcher, was quoted as saying that "what else we can buy if not U.S. Treasuries? It's more risky to buy into equities."
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With Europe perceiving Fitch as purposely targeting the region, the ratings company needs to find a new candidate to add to the blacklist to show its fairness, the report said, citing Wu Jingmei, head of Renmin University of China s credit rating research center.
*U.S., EU SHOULD 'DITCH' PROTECTIONIST MEASURES: XINHUA *U.S., EU SHOULD 'OPEN THEIR ARMS' TO CHINESE INVESTMENT: XINHUA
*LOCKE SAYS CHINA BUSINESS CLIMATE CAUSING `GROWING FRUSTRATION' *LOCKE SAYS CHINA POLICIES PLANTING `DOUBT' IN INVESTORS'
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9/24/11
China Pulls The Rug From Under Europe, Halts French Bank Transactions, M
MINDS *LOCKE SAYS CHINA SHOULD LET CURRENCY APPRECIATE MORE RAPIDLY' *CHINA POLICY RAISES CONCERN IN FINANCIAL SERVICES SECTOR: LOCKE
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