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China 2008: The Global Financial Crisis

This next article in the CDT series on important issues facing China in 2008 focuses on China’s role in the global financial crisis. To give a deeper understanding of China’s up-and-coming role on the world stage, CDT looks at articles, issues, and policies over the last six months that contributed to the current state of the Chinese economy. While this is not a comprehensive

December 8, 2008

China To Shun West’s Finance Sector

The New York Times is reporting China’s reluctance to invest in the foreign financial sector given the heavy losses on recent investments in Blackstone Group, Barclays and Morgan Stanley. Lou Jiwei, chairman and chief executive of the China Investment Corporation, gave the clearest reasons for future intentions. “Right now we do not have the courage to invest in financial

December 3, 2008