China used $45 billion from its international reserves to recapitalise two or the four main state banks at the end of 2003.
Trevor Evans Berlin. -----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Michael Perelman Sent: 20 November 2006 17:38 To: [email protected] Subject: Re: [PEN-L] China's banks Could China just bail out the banks with its US securities? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
