Mexican Billionaire Says China Should Lead Crisis Rescue

Carlos Slim, one of the world’s richest men, has called on China to lead rescue efforts in the United States’ unraveling financial crisis. From AFP:

“China is now the most important country to help responsibly in this crisis,” Slim told journalists at a meeting in Mexico City.

“China has great liquidity, large resources, surpluses in its current accounts and a lot of capital flow,” he said.

“There is a systematic crisis in the whole financial system and the problem is that everything is interconnected.”

Simon Elegant has written this post at Time magazine’s China Blog about how the crisis may affect China positively.

September 30, 2008, 7:31 PM
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