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Member Since: 8/2007

China goes global

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The epic process of China "going global" has been underway for over a decade, but the events of late July 2007 may well be its defining moment. The stake in Barclays bank purchased by the China Development Bank - one of Beijing's state-owned "policy banks" - is significant in itself, but it also represents a high-profile reversal of the dominant perception of China's international economic role.

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{"commentId":945362,"authorDomain":"raatkiraani"}

This surprised me. Not that I've been following news in financial dailies but I haven't come across this news item generally in the UK. A lot about the proposed merger with Dutch Bank ABN Amro. Wonder why, considering it is one of the largest banks in the country?

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  • 2 votes
Reply#1 - Tue Aug 14, 2007 5:59 AM EDT
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