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Wednesday, June 13, 2012
Tuesday, June 12, 2012
Friday, June 8, 2012
China's economy hasn't foreign banks!
Walt Disney (DIS) didn’t have trouble raising money for its $4.4 billion theme park in Shanghai. After it won approval in 2009, a dozen Chinese banks sprang into action, offering $2 billion in loans and promising more. Foreign lenders, limited by the Chinese government in how much they can lend, watched from the sidelines. The size of the deal put it beyond their reach.
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