Tag: Bank of China

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China Shares Blame for Crisis, Carney Says

The new Bank of Canada governor, Mark Carney, has blamed China for the subprime mortgage crisis that has rocked the U.S. economy and is being felt around the world. From The Globe and Mail:By insisting on fixed exchange rates, China and other emerging markets over the years have become a major exporter of capital “to such an extent that they have been significant drivers of lower global lon