Page D1 with photo of Citibank: Bank giants such as Citigroup, unlike small competitors, have an advantage: The government doesn't want them to go under. My comment: It makes sense. The bigger bank is the one that has financial clout to be respected by any government on earth in all practical way! I visited Citibank in Shanghai,China to find out such influence there as well.
Page D7: Germany to limit aid to China:
Germany said it plans to stop financing development projects in China and concentrate on an advisory role in areas such as climate protection. Germany paid almost $100 million in development aid to China in 2007 but has made no pledges for this year or next.
Several lawmakers have argued this year that China, a fast-rising economic power, no longer needs German economic aid, particularly as Berlin keeps a close eye on spending as it tries to balance its budget.
Hong Kong Phoenix TV reported that the Minister of Science and Technology would like to cooperate with China for space projects after China has launched a spacecraft No. 7 with man walking in the moon soon.
Francis Shieh a.k.a. Xie Shihao, a watcher of Sino-American Economics with reference to Germany as a point re globalization.
Sept. 23, 2008 at 1.05 p.m.
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