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The Difference Between Chinese Banks and American Banks

Filed in archive News on September 18, 2008

What is the difference between a chinese bank and an American bank? A Chinese bank has money...

Okay, I stole that joke from Richard Brubaker over at All Roads Lead to China. He goes on to point out that China's yuan RMB is the currency that supports both US and Chinese banks (I guess since China buys so many treasury notes).

And he points out the irony that five years ago American banks were bemoaning the fact that 20-30% the loans at Chinese banks were non-performing.

Life's funny...

Bank of China
© Aaron.huo




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Tags: China  banks  china  2008  chinese  chinese+banks  between+chinese  difference+between 

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