Tag: Subprime mortgage

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U.S. Tells China Subprime Woes Are No Reason to Keep Markets Closed

The New York Times gives an update on the recently concluded U.S.-China economic talks in Annapolis, Maryland:Almost immediately, despite the bucolic setting, the talks produced a sharp disagreement over the lessons from the current global financial crisis. In the latest sign of Chinese willingness to criticize the Bush administration, Zhou Xiaochuan, minister of the Peoples Bank of China, the country’s c