China Law & Practice

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No Credit Crunch in Asia

Issue: April 2008

Keywords (click to search): [Credit crunch] [monetary policy] [Wen Jiabao]

The global credit crunch and the PRC’s overheated economy gives cause for investor uncertainty but Asia, at the moment, is not affected by the credit crisis, according to a Merrill Lynch analysis report.

“Global credit markets are in trouble, but there are few signs of a credit crunch in Asia, in our view,” said TJ Bond, economist at Merrill Lynch. It is true that the credit crisis...

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