China’s central government believes the worldwide financial crisis will have limited impact, according to a new report. But since China has invested in American assets, China has lost over half of their holdings in the financial storm.
George Ugeux, chairman and chief executive officer of Galileo Global Advisors LLC and former senior managing director of the New York Stock Exchange’s international division, speaks with Martin Savidge about claim of China emerging unscathed from the crisis. Ugeux also examines American and European financial rescue efforts.
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