[lbo-talk] Merrill says China to help quell financial crisis

uvj at vsnl.com uvj at vsnl.com
Wed Oct 15 15:36:09 PDT 2008


Merrill says China to help quell financial crisis http://www.reuters.com/article/etfNews/idUSPEK22662220081014?sp=true

Tue Oct 14, 2008

BEIJING (Reuters) - China will help stabilise the global financial system by maintaining its investment in U.S. treasuries and dollar-based currency portfolio, Merrill Lynch said on Tuesday.

"If China stops buying treasuries, the U.S. would stop importing from China and that would hurt China demand," Erh-Fei Liu, the head of Merrill Lynch in China, told reporters.

"And that would be a loss-loss situation," he said. http://www.reuters.com/article/etfNews/idUSPEK22662220081014?sp=true



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