China asks banks to temporarily freeze lending to cool economy

Discussion in 'Wall St. News' started by CaliforniaKid23, Nov 18, 2007.

  1. HONG KONG (Thomson Financial) - The Chinese government has asked banks to temporarily freeze lending until the end of this year to help cool its economy, the Wall Street Journal reported Monday, citing bankers and a government official.....

    So, what happens now?
  2. this belongs in economics or news.
  3. sorry for posting in the wrong forum.

    but, any ideas on which stocks will be most affected by this? citigroup, fxi, etc?
  4. poyayan


    Soon, they will realize that US will do it for them...:) If a combination of slow down and devaluation of dollar won't shrink trade deficit, I don't know what else will.

    If it doesn't shrink, then Ben will devalue US$ till it shrinks.