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

[uvj at vsnl.com]

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