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主题:【整理】zt China helpEurope, AF -- parishg

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家园 let's wait and see.

I wish I will be wrong, because if FT, Bloomberg and I are correct, China needs to/is gonna lend to at least USD 900b to 1t to IMF to achieve the desired firepower for EFSF (1.4t power, EFSF has only 250b left after the Irish/Port. rescue). That's almost 1/3 of China's current foreign reserve.

That's a very large strategic move. Last time when Asia was in economic crisis in 1990s, Asians were pretty much kned on the ground, begging with all the tear for a few billion dollars loans from IMF or World Bank.

I am old enough to live through that history and I will never forget. This time, Asians prove to be too nice.

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